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Magazine - July 2006

Indonesia - March 2000... To protect the swamp land, and to gain access to it, Grant Geophysical Co., a Houston seismic


FEATURES
Money, Money, Money: Financiers share their forecasts

Like a merry-go-round in an amusement park, the energy sector in the past quarter-century has watched its fortunes rise and ...

The plain-spoken Alex Cranberg talks about peak-ist views and Chinese interest in U.S. assets

Twenty-five years later, Cranberg is chairman of privately held, Denver-based Aspect Management Corp. and Aspect Energy LLC, which he started ...

What does the future hold? The experts answer.

"The best thing about the future is that it comes one day at a time," said Abraham Lincoln. In energy, ...

Remember 1981? 1986? Here's a round up of events that have mattered in the past 25 years

The oil and gas business has been on a wild ride during the past 25 years, and it shows no ...

Picture! Picture! Photo editor Lowell Georgia shares some of his favorites

Editor-in-chief Leslie Haines asked that I select favorite photographs I have taken since the first issue of Investor in 1981. ...

Independents have made an industry of M&A

Decades ago, upstream mergers and acquisitions were made fairly swiftly. Today, they are sophisticated transactions that take on personalities of ...

Don Hart, George Weigers and more - here's our story

Since its launch during the boom of 1981, through the lingering gas bubble of the 1980s, to today's boom, Oil ...

The peak oil debate continues...here

The always lively debate on when the world's oil output will peak has gained greater urgency in the past two ...

The view from Raymond Plank

Founded in late 1954, Apache Corp. has become a giant oak in the domestic and international arenas, typifying the growth ...

From the publisher

Dear dedicated readers, valued advertisers, industry friends and OGI family, It is my humble pleasure, as the current leader of the ...

There are tools for it: experts describe how we'll extract oil and gas reserves in the future

The easy oil has already been found. But thankfully, rapidly evolving equipment and techniques make it possible for companies to ...

What oil industry leader would you like to be for a day?

e asked several readers with whom they would trade places in the oil and gas business for one day. Here's ...

Want facts about U.S. energy? Here they are.

1 The U.S. leads the world in the generation of electricity from geothermal sources, making about 30% of the world's total ...

NEWSWELL
 
FROM THE EDITOR-IN-CHIEF
Happy 25th!

This magazine took flight during a drilling and investing boom with the unique premise that it would link the E&P ...

COMPLETIONS
BIG BET2

At press time, Anadarko Petroleum Corp. issued industry-roiling news: it plans to acquire not only Kerr-McGee Corp. but Western Gas ...

TRENDS AND ANALYSIS
Supply Costs

The oil industry's worldwide finding, development and acquisition costs have risen markedly during the past two years, reports Calgary-based FirstEnergy ...

E&P MOMENTUM
Social Responsibility

Peak oil, global warming, ANWR, environmental degradation-all topics that grab headlines today and raise public concerns. Like many others with ...

EXPLORATION HIGHLIGHTS
Eastern U.S.

1 Palmer Petroleum, Shreveport, La., scheduled a wildcat in the southern portion of Covington County in Alabama. The #1 Moody ...

Gulf Coast

1 The EnCana Oil & Gas (USA) Inc. subsidiary of Calgary-based EnCana Corp. tested gas at a rate of 9.65 ...

Midcontinent & Permian Basin

1 Wichita, Kan.-based Pintail Petroleum Ltd. staked two 4,300-ft. wildcats on the Central Kansas Uplift about 10 miles southwest of ...

Western U.S.

1 Pioneer Natural Resources, Dallas, posted a discovery with its #1 Cronus wildcat in Section 8-8n-6e, Umiat Meridian, about 14 ...

International Highlights

Calgary-based Talisman Energy Inc. has announced a successful deep well and two successful Triassic wells in the Monkman area of ...

NEW FINANCINGS
Equity/Debt Table

Equity Company Exchange / Symbol Headquarters Amount Comments CNOOC Ltd. NYSE: CEO Hong Kong US$2 billion Sold 2.5 billion shares to independent investors at US$0.79 each to fund ...

COMPANY BRIEFS
Chesapeake, XTO drop $950MM in Barnett

Chesapeake Energy Corp., Oklahoma City, (NYSE: CHK) plans to acquire from Fort Worth, Texas-based Four Sevens Oil Co. Ltd. and ...

Energy Partners trumps Plains bid for Stone

At press time, Stone Energy Corp., Lafayette, La., (NYSE: SGY) was waiting to hear from Plains Exploration & Production Co., ...

Additional news

• Houston-based EV Energy Partners LP has filed for an IPO on Nasdaq of 3.9 million units for proceeds of ...

M&A news

• Tenaris SA, Luxembourg, (NYSE: TS) plans to acquire Maverick Tube Corp., Chesterfield, Mo., (NYSE: MVK) for US$65 per share ...

In Memoriam

A. Earl Swift, chairman of Swift Energy Co., Houston, has passed away after a brief illness. He was 72. Swift ...

ON THE MONEY
Canada Eyes Colorado

With a sharp focus on the drilling boom now taking place in the Colorado Rockies, the consulate general of Canada ...

EDITORS COMMENT
Citigroup: Producers' Latest Capex Plans Highest Since 2001

Higher service and equipment costs have forced companies to overspend their original E&P capex plans, with worldwide expenditures expected to ...

Independents Report Production, Earnings Success In First Quarter

Most independents reported record revenues and stellar production figures for the first quarter of this year, according to Oil and ...

Record Gas-Storage Inventories Could Pose Gas-Price Risk

The operational limits of some portions of the North American gas-storage system may be reached this fall. This creates the ...

The Unfolding Future

"The best thing about the future is that it comes one day at a time," said Abraham Lincoln. In energy, ...

Quantum, Wolf Et Al. To Launch $1B E&P Company

Houston-based private-equity firm Quantum Energy Partners has partnered with Denver-based E&P legends Don Wolf and Alex Cranberg of Aspect Energy ...

Happy 25th!

This magazine took flight during a drilling and investing boom with the unique premise that it would link the E&P ...

Canadian Juniors' Median Share Price Slips In Early 2006

The median share price of publicly traded junior oil and gas companies operating in Western Canada slipped 12% in the ...

Herold: Capex Soared In 2005; Field Costs Grew

Domestic capital spending soared in 2005 for John S. Herold Inc.'s Top 50 U.S. producers, climbing 36% to $69.1 billion, ...

Independent Securities Dealers Take Larger Canadian Market Share

2005 saw 60% more equity raised in the oil patch than in 2004, a good bit of the difference by ...

HEADLINES
Escondido Acquires Olmos Trend Assets

Escondido Resources LP, Houston, has acquired assets in the Olmos trend in La Salle, Dimmit and Webb counties in South ...

Canada Southern Rejects Canadian Superior's New Bid

Canada Southern Petroleum Ltd., Calgary, (Toronto: CSW; Nasdaq: CSPLF) rejected the offer from Canadian Superior Energy Inc., Calgary, (Toronto, Amex: ...

Canadian Superior Raises Bid For Canada Southern

Canadian Superior Energy Inc., Calgary, (Toronto, Amex: SNG) has increased its offer for Canada Southern Petroleum Ltd., Calgary, (Toronto: CSW; ...

Ketcham To Retire From Energen At Year's End

Geoffrey C. Ketcham plans to retire as executive vice president, chief financial officer and treasurer of Energen Corp., Birmingham, Ala., ...

Linn Energy To Acquire California and Oklahoma Assets

Linn Energy LLC, Pittsburgh, (Nasdaq: LINE) plans to acquire certain affiliated entities of privately held Houston-based Blacksand Energy LLC in ...

Exco Plans To Acquire Winchester Energy

A subsidiary of Exco Resources Inc., Dallas, (NYSE: XCO) plans to acquire Winchester Energy Co. Ltd. and its affiliated entities ...

Marathon Acquires Colorado Assets From Petroleum Development

Marathon Oil Corp., Houston, (NYSE: MRO) has acquired an approximately 8,700-net-acre leasehold in the Piceance Basin of Colorado from Petroleum ...

Addax Plans To Acquire Pan-Ocean's Gabon Assets

Addax Petroleum Corp., Calgary, (Toronto: AXC) plans to acquire two subsidiaries of Pan-Ocean Energy Corp. Ltd., St. Helier, Jersey, U.K., ...

Storm Cat To Acquire Wyoming Assets From Bill Barrett

Storm Cat Energy Corp., Calgary, (Amex: SCU; Toronto: SME) plans to acquire approximately 25,200 gross acres (17,000 net acres) in ...

Santos Plans To Acquire Delhi Petroleum

Santos, Adelaide, Australia, (Nasdaq: STOSY; Australia: STO) plans to acquire Australia-based Delhi Petroleum Pty Ltd. for AU$474 million, which includes ...

Coldren Aquires GOM Assets From Noble

Coldren Resources LP, a subsidiary of privately held Coldren Oil & Gas Co., New Orleans, has closed the acquisition of ...

Petro-Canada Drops Out of Canada Southern Bidding War

Petro-Canada, Calgary, (NYSE: PCZ; Toronto: PCA) has dropped out of the bidding war for Canada Southern Petroleum Ltd., Calgary, (Toronto: ...

Petrohawk Closes Merger With KCS Energy

Petrohawk Energy Corp., Houston, (Nasdaq: HAWK) and KCS Energy Inc., Houston, (NYSE: KCS) have merged with an enterprise value of ...

Vermilion Acquires French Assets From ExxonMobil

A subsidiary of Vermilion Energy Trust, Calgary, (Toronto: VET.UN) has acquired Esso Rep from Esso SAF, a French subsidiary of ...

Provident Plans To Acquire Alberta Assets

Provident Energy Trust, Calgary, (Toronto: PVE.UN; NYSE: PVX) plans to acquire producing assets in the Rainbow and Peace River Arch ...

Shell Canada Closes BlackRock Acquisition

BR Oil Sands Corp., a subsidiary of Shell Canada Ltd., Calgary, (Toronto: SHC) has acquired BlackRock Ventures Inc., Calgary, (Toronto: ...

PrimeWest Closes Acquisition Of U.S. Assets

A U.S. subsidiary of PrimeWest Energy, Calgary, (Toronto: PWX) has closed its acquisition of producing assets in Montana, North Dakota ...

Former Enron CEO Ken Lay Dies At 64

Enron Corp. founder and former chairman Ken Lay has died of a massive coronary at age 64 according to the ...

COMPANIES IN THIS ISSUE
Company Index

A&D Strategies and Opportunities Conference 25-27 A.G. Edwards & Sons Inc. 175, 181 Agip 169 AIG Global Asset Management Holdings ...



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