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What is the best approximate measure for a buyer or seller of producing oil and gas properties to quickly estimate FEATURES
He Rocked the Rockies
This May 17, at the annual shareholders meeting of Bill Barrett Corp. in Denver, Bill Barrett formally stepped down as ...
CBM Review
Across North America, producers are spending millions of dollars more each year on developing coalbed-methane (CBM) resources. While these wells ...
Egypt
Contrast typifies Egypt. From its mysterious Pharaonic pyramids to ruined Roman towns to the throbbing crowds of modern-day Cairo, this ...
Managing Market Risk
Seeking to capture above-average returns in a frothy energy-equity market while cushioning themselves against major commodity-price corrections, more and more ...
Midstream Growth
For the past several quarters, M&A activity in the midstream energy sector has been fast and furious. Growing oil and ... NEWSWELL
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FROM THE EDITOR-IN-CHIEF
A Messy Stew
The anger playing out at gasoline pumps throughout the land, the panic and pandering in the halls of governments worldwide, ... COMPLETIONS
Pushing $4
Devon Energy Corp.'s winning bid for Dallas-based Chief Oil & Gas is among several high-priced U.S. asset acquisitions announced in ... TRENDS AND ANALYSIS
Tristone Capital's Energy Lender Price Survey
A survey of 41 energy lenders shows an average base-case West Texas Intermediate oil-price forecast of $47.96 per barrel and ... E&P MOMENTUM
Trends in Canadian Gas
Canada ranks as the third-largest producer of natural gas in the world, behind only first-place Russia and the U.S. Currently, ... EXPLORATION HIGHLIGHTS
Eastern U.S.
1 Hunt Petroleum Corp. plans to bypass a wildcat in 50 ft. of water at the #1 (BP) OCS-G-27196 in ...
Gulf Coast
1 West Mountain Operating Co. Inc., Longview, Texas, permitted a directional wildcat to 4,200 ft., a deep well for the ...
Midcontinent & Permian Basin
1 Great Plains Energy Inc., Kansas City, Mo., staked a remote wildcat about 3.5 miles north-northeast of Norcatur in a ...
Western U.S.
1 ConocoPhillips will drill the #1 Antigua wildcat in Section 35-10n-10e, Umiat Meridian, about 26 miles west of Deadhorse on ...
International Highlights
The oil industry is roiling in turmoil in Venezuela and Bolivia. In Venezuela, President Hugo Chavez has ratcheted up operating ... NEW FINANCINGS
Equity/Debt Table
Company Exchange / Symbol Headquarters Amount EQUITY Complete Production Services Inc NYSE: CPX Houston US$600 million Plans an IPO of 21.7 million shares ... COMPANY BRIEFS
Devon Energy to take Chief out of Barnett for $2.2B
Devon Energy Corp., Oklahoma City, (NYSE: DVN) plans to acquire the Barnett Shale E&P properties in northeast Texas from privately ...
Apache taking BP's Gulf Shelf assets for $1.3B
Apache Corp., Houston, (NYSE, Nasdaq: APA) plans to acquire BP's (NYSE: BP) remaining producing properties on the Outer Continental Shelf ...
Plains E&P to buy Stone for $1.9B
Plains Exploration & Production Co., Houston, (NYSE: PXP) plans to acquire Stone Energy Corp., Lafayette, La., (NYSE: SGY) for 1.25 ...
Petrohawk-KCS combination doubles company's EV
Petrohawk Energy Corp., Houston, (Nasdaq: HAWK) and KCS Energy Inc., Houston, (NYSE: KCS) plan to merge into an onshore oil ...
Pogo splits Gulf interests with Mitsui
Pogo Producing Co., Houston, (NYSE: PPP) plans to sell 50% of all of its Gulf of Mexico oil and gas ...
Schlumberger buys out BHI stake in WesternGeco
Baker Hughes expects to record a pre-tax gain of approximately $1.74 billion (approximately $1.05 billion, net of tax). Cash proceeds, ...
Additional news
Houston-based Phoenix Exploration Co. has been formed with an initial financial commitment of $250 million from Carlyle/Riverstone Global Energy ...
M&A News
Resolute Natural Resources Co., a subsidiary of privately held, Tulsa, Okla.-based Resolute Holdings LLC and privately held, Cortez, Colo.-based ... ON THE MONEY
Profits Perspective
In early May, the U.S. House of Representatives passed HR 5253, a bill that took square aim at Big Oil ... EDITORS COMMENT
A Messy Stew
The anger playing out at gasoline pumps throughout the land, the panic and pandering in the halls of governments worldwide, ...
Canadian M&A: Producers Will Have To Pay To Play
While commodity prices are only up about 10% year-over-year, acquisition prices are up by one-third, a reality in the Canadian ...
Pushing $4
Devon Energy Corp.'s winning bid for Dallas-based Chief Oil & Gas is among several high-priced U.S. asset acquisitions announced in ...
MLPs Still Pushing For Lower Risks, Higher Returns In 2006
During the past five years, public master limited partnerships (MLPs) have delivered median total returns of 15.1% versus 3.4% for ...
Positive Sentiment Pervasive For Energy Stocks
The rising tide of commodity prices is lifting all boats in the energy space. This spring, across the principal oil ...
Shell Turns Increased Attention To Onshore U.S. Unconventional Potential
At least one major is explaining why it has "come back" to pursuing more activity onshore the U.S., saying the ...
CBM Review
Across North America, producers are spending millions of dollars more each year on developing coalbed-methane (CBM) resources. While these wells ...
Profits Perspective
In early May, the U.S. House of Representatives passed HR 5253, a bill that took square aim at Big Oil ...
AAPG-Convention Speakers Debate World Oil Supply, Conservation
It's a sign of the times that at the annual convention of the American Association of Petroleum Geologists, held in ...
Bolivian Hydrocarbon Nationalization Affects Repsol-YPF Reserves
Bolivian President Evo Morales has signed a decree to nationalize the hydrocarbons sector, requiring that foreign-owned energy companies turn over ...
Trends In Canadian Gas
Canada ranks as the third-largest producer of natural gas in the world, behind only first-place Russia and the U.S. Currently, ...
Simmons: $6.60 Gas Required To Sustain Unconventional Plays
Cost inflation and/or gas-price declines are major threats to the profit margins of companies pursuing resource plays. A new study by ...
Managing Market Risk
Seeking to capture above-average returns in a frothy energy-equity market while cushioning themselves against major commodity-price corrections, more and more ...
Howard Weil: Finding Costs Continued To Soar In 2005
Finding and acquisition costs continued to soar in 2005, to no one's surprise, according to Howard Weil's annual study of ... HEADLINES
Canadian Oil Sands Ups Bid For Canada Southern
Canadian Oil Sands Trust, Calgary, (Toronto: COS.UN) has increased its bid for Canada Southern Petroleum Ltd., Calgary, (Toronto: CSW; Nasdaq: ...
Devon Acquires Chief's Barnett Shale Properties
Devon Energy Corp., Oklahoma City, (NYSE: DVN) has closed the acquisition of the Barnett Shale E&P properties in North Texas ...
Petro-Canada Raises Bid For Canada Southern
Petro-Canada, Calgary, (NYSE: PCZ; Toronto: PCA) has raised its bid through subsidiary Nosara Holdings Ltd. for all shares of Canada ...
Stone Accepts Energy Partners' Offer
Stone Energy Corp., Lafayette, La., (NYSE: SGY) has accepted the bid from Energy Partners Ltd., New Orleans, (NYSE: EPL) to ...
Focus Energy Acquires Profico Properties For C$1 Billion
Focus Energy Trust, Calgary, (Toronto: FET.UN, FTX) has acquired the Shackleton and southwest Saskatchewan properties of privately held Profico Energy ...
Saxon Plans Kinnell Asset Acquisition
A subsidiary of Saxon Energy Services Inc., Calgary, (Toronto: SES) plans to acquire all assets of Kinnell Drilling Ltd., Calgary, ...
True Energy Merges With Shellbridge
True Energy Inc., a subsidiary of True Energy Trust, Calgary, (Toronto: TUI.UN; Pink Sheets: TUIJF) has merged with Shellbridge Oil ...
Anadarko To Acquire Kerr-McGee and Western Gas For $21.1 Billion
Anadarko Petroleum Corp., Houston, (NYSE: APC) plans to acquire Kerr-McGee Corp., Oklahoma City, (NYSE: KMG) and Western Gas Resources Inc., ...
Jana Asks THX To Move Forward On Its Offer
Jana Partners LLC, New York, called on The Houston Exploration Co., Houston, (NYSE: THX) to move forward on its offer ...
Apache Acquires BP GOM Assets
Apache Corp., Houston, (NYSE, Nasdaq: APA) has closed or is in the process of closing on London-based BP's (NYSE: BP) ...
Savanna Energy Services And Western Lakota Plan To Merge
Savanna Energy Services Corp., Calgary (Toronto: SVY) and Western Lakota Energy Services Inc., Calgary, (Toronto: WLE) plan to merge into ...
Range Completes Purchase Of Stroud Energy
Range Resources Corp., Fort Worth, Texas, (NYSE: RRC) has acquired privately owned Fort Worth-based Stroud Energy Inc. for cash and ...
Canada Southern Accepts Canadian Oil Sands Bid
Canadian Oil Sands Ltd., a subsidiary of Canadian Oil Sands Trust, Calgary, (Toronto: COS.UN) plans to acquire Canada Southern Petroleum ...
Energy Partners Revises Offer For Stone
Energy Partners Ltd., New Orleans, (NYSE: EPL) has revised its offer to acquire Stone Energy Corp., Lafayette, La., (NYSE: SGY) ...
Esprit To Aquire Trifecta
Esprit Energy Trust, Calgary, (Toronto: EEE.UN) plans to acquire privately held Trifecta Resources Inc., Calgary, for a deal value of ...
Endeavour Names Thomas Clark To Its Board
Endeavour International Corp., Houston, (Amex: END) has named Thomas D. Clark Jr. to its board. Clark is vice chairman of the ...
Talisman Sells Non-Strategic Canadian Assets
Talisman Energy Canada, a subsidiary of Talisman Energy Inc., Calgary, (Toronto; NYSE: TLM) have sold non-strategic assets in Canada in ...
Expro International Group Plans To Acquire Power Well Services
Expro International Group Plc, London, (London: EXR) plans to acquire Power Well Services Inc., Houston, from private equity firm First ...
Tenaris To Acquire Maverick Tube For US$3.2 Billion
Tenaris SA, Luxembourg, (NYSE: TS) plans to acquire Maverick Tube Corp., Chesterfield, Mo., (NYSE: MVK) for US$65 per share in ...
Jana Bids $62/Share For THX
New York-based hedge fund Jana Partners LLC has filed with the SEC to acquire The Houston Exploration Co. (THX), Houston ...
PEC Minerals To Acquire Sempra E&P Subsidiary
PEC Minerals LP plans to acquire Sempra Energy Production Co., the E&P subsidiary of Sempra Generation, a unit of Sempra ...
Shell Subsidiary To Acquire Two Barges From Parker Drilling
The Shell Petroleum Development Corp. of Nigeria Ltd., a subsidiary of Royal Dutch Shell Plc, London, (NYSE: RDS.A; RDS.B) plans ...
XTO Plans To Purchase Peak Energy For $105 Million
XTO Energy Inc., Fort Worth, Texas, (NYSE: XTO) plans to purchase privately held Peak Energy Resources Inc., a Barnett Shale ...
Chesapeake Plans $845 Million Barnett Shale Acquisition
Chesapeake Energy Corp., Oklahoma City, (NYSE: CHK) plans to acquire from Fort Worth, Texas-based Four Sevens Oil Co. Ltd. and ...
Canadian Superior Has Outbid Petro-Canada's Offer
Canadian Superior Energy Inc., Calgary, (Toronto; Amex: SNG) has made a counter bid for Canada Southern Petroleum Ltd. (Toronto: CSW; ...
Jana Partners Requests Houston Exploration Records
New York-based Jana Partners LLC has requested certain books and records of The Houston Exploration Co., Houston, (NYSE: THX) due ...
Mitsui Acquires GOM Leasehold From Pogo
Mitsui & Co. Ltd., Tokyo, (Nasdaq: MITSY) and its subsidiaries Mitsui & Co. (U.S.A.) Inc. and Mitsui Oil Exploration Co. ...
Merit Acquires Houston Exploration's Offshore Louisiana Assets
Privately owned Merit Energy Co., Dallas, has acquired substantially all of the Louisiana portion of the Gulf of Mexico assets ... COMPANIES IN THIS ISSUE
Company Index
A&D Strategies and Opportunities Conference 150 Admiral Bay Resources Inc. 65 Advantage Energy Income Fund 151 AES Corp. 59 Albrecht & Associates Inc. 48 Alpine Inc. 145 Amerada Hess ... |
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