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Merger press releases commonly speak of synergies and accretion to earnings. They're usually right, especially at ever-growing oil and gas FEATURES
ROCKIES PRODUCERS' NETBACK DYNAMICS MAY SOON SHIFT
People have always debated whether the prolific San Juan in New Mexico was truly considered a Rocky Mountain oil and ...
OPERATORS ARE BACK IN THE BAKKEN
Drilling fever in the Rocky Mountains these days isn't entirely focused on natural gas. Along the eastern edge of the ...
DON WOLF TALKS ABOUT THE QUANTUM RESOURCES START-UP
After spending nearly two years as president and chief executive of Aspect Energy LLC, Denver oilman Don Wolf's role is ...
WHAT DO THE ASIAN NOCs WANT?
Much comment has been made on the perceived threat posed by Asian national oil companies' (NOCs) expansionist moves to Western ...
OPERATORS ARE BACK IN THE BAKKEN
Drilling fever in the Rocky Mountains these days isn't entirely focused on natural gas. Along the eastern edge of the ...
DON WOLF TALKS ABOUT THE QUANTUM RESOURCES START-UP
After spending nearly two years as president and chief executive of Aspect Energy LLC, Denver oilman Don Wolf's role is ...
DOES THE WOODFORD SHALE HOLD AS MUCH PROMISE AS THE BARNETT OR FAYETTEVILLE?
Given the success operators have reported when marching across the booming Barnett Shale gas play in northeastern Texas, every other ... NEWSWELL
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FROM THE EDITOR-IN-CHIEF
Summer Movies
Now playing at a theater near you are some interesting movies about energy. An Inconvenient Truth purports to explain the ... COMPLETIONS
Hit or stand
Is the run-up in energy stock prices nearing the end of the deck? Or is it an eight-deck shoe? Upstream ... TRENDS AND ANALYSIS
Dry Powder
Occidental Petroleum Corp., Apache Corp. and EOG Resources Inc. have strong debt capacity, according to credit-rating agency Standard & Poor's. ... E&P MOMENTUM
Mexico's Dilemma
The victor in Mexico's hotly contested presidential election was apparently Felipe Calderon, the conservative candidate of the National Action Party ... EXPLORATION HIGHLIGHTS
Eastern U.S.
1 Spooner Petroleum Co., Jackson, Miss., plans a wildcat in Newton County, Miss. The test will be drilled 1.25 miles ...
Gulf Coast
1 Robertson County, Texas, (RRC 5) is the site of a wildcat planned by Burlington Resources Oil & Gas Co. ...
Midcontinent & Permian Basin
1 Great Plains Energy Inc., Wahoo, Neb., will drill a wildcat nine miles north and slightly east of Oberlin, Kan. ...
Western U.S.
1 Pioneer Natural Resources Co., Dallas, completed the gravel island drillsite for Oooguruk Field off the North Slope in the ...
International Highlights
Husky Energy Inc. is having a busy summer offshore Newfoundland and Labrador, Canada. The Calgary-based company has added a 40- ... NEW FINANCINGS
Equity/Debt Table
EQUITY El Paso Corp. NYSE: EP Houston US$554 million Plans to publicly place 35.7 million shares to pay subsidiary El Paso Exploration & Production Co.'s ... COMPANY BRIEFS
Anadarko to take in Kerr-McGee, Western
Anadarko Petroleum Corp., Houston, (NYSE: APC) plans to acquire Kerr-McGee Corp., Oklahoma City, (NYSE: KMG) and Western Gas Resources Inc., ...
Additional news
Plano, Texas-based E&P company Ascent Energy Inc. has filed for an IPO for proceeds of up to $200 million ...
M&A News
Devon Energy Corp., Oklahoma City, (NYSE: DVN) has closed the acquisition of the Barnett Shale E&P properties in North ... ON THE MONEY
MERGER MANIA: WHO'S NEXT?
In the wake of Anadarko Petroleum's aggregate $23.3-billion, all-cash bid for Kerr-McGee Corp. and Western Gas Resources, energy analysts on ... EDITORS COMMENT
Merger Mania: Who's Next?
In the wake of Anadarko Petroleum's aggregate $23.3-billion, all-cash bid for Kerr-McGee Corp. and Western Gas Resources, energy analysts on ...
Industry Finally Embracing IT Outsourcing
Newer computing technologies, such as blade servers, are pushing the limits of existing IT infrastructures at energy companies. Power and ...
Insurance Woes Weighing On E&P Industry
If aggregate limits of insurance coverage are reached in the first bad storm of 2006, there will be no coverage ...
Competition Grows To C$70,000 BOE/d In Canadian Marketplace
Ever-increasing demand for oil, along with shrinking numbers of assets for sale in Canadian public auctions, is continuing to heat ...
S&P: Frenzied M&A Market Propped by 'Yawning Chasm'
This summer, the only thing hotter than the temperature is the oil and gas M&A market. Anadarko Petroleum Corp.'s planned ...
Williston Basin
Drilling fever in the Rocky Mountains these days isn't entirely focused on natural gas. Along the eastern edge of the ...
Oil-Weighted E&Ps Remain Favored By investors
With a weather-related supply disruption or a cold winter the only foreseeable events likely to drain gas supply and normalize ...
Calyon: Expect Strong Quarter From Oil-Service Firms
As service companies gear up to report second-quarter earnings, they are expected to have plenty of good news. According to ...
Lease Activity Stimulates Market In U.K. North Sea
More properties are changing hands in the U.K. sector of the North Sea, and small companies have been driving the ...
The Woodford Shale
Given the success operators have reported when marching across the booming Barnett Shale gas play in northeastern Texas, every other ...
Big Bet 2
At press time, Anadarko Petroleum Corp. issued industry-roiling news: it plans to acquire not only Kerr-McGee Corp. but Western Gas ...
Start-Up Executives Describe When To Choose Private Equity
Choosing private equity out of all the options for an oil and gas company in need of money is a ...
Technology Astir
The easy oil has already been found. But thankfully, rapidly evolving equipment and techniques make it possible for companies to ...
Nymex Launches 24-Hour Trading On CME Globex
Increasing the margin requirements for traders on Nymex would not dampen oil and gas price volatility, as some Congressmen have ...
Nigeria To Become Major Gas Provider By 2010
Nigeria is addressing five barriers to improve gas production and processing: pricing, fiscal terms, institutional and infrastructural arrangements, legal and ... HEADLINES
Provident Energy Closes Rainbow And Peace River Acquisition
Provident Energy Trust, Calgary, (Toronto: PVE-UN; NYSE: PVX) has acquired gas producing assets in the Rainbow and Peace River Arch ...
W&T Offshore Names Grabois Vice President And Treasurer
W&T Offshore Inc., Houston, (NYSE: WTI) has named Todd E. Grabois vice president and treasurer. He was chief financial officer ...
Phoenix Exploration Plans Gulf Acquisition From Cabot
Privately held Phoenix Exploration Co. LP, Houston, plans to acquire all of the Gulf of Mexico and south Louisiana assets ...
Canada Southern Appoints Three New Board Members
Canada Southern Petroleum Ltd., Calgary (Toronto: CSW; Nasdaq: CSPLF) has named Marcel Coutu, Allen Hagerman and Ryan Kubik to the ...
Woodside Petroleum Offers To Buy Energy Partners
ATS Inc., a Covington, La.-based subsidiary of Woodside Petroleum Ltd., Perth, Australia, (Australia: WPL) has offered to acquire Energy Partners ...
Swift Energy To Acquire Louisiana Assets From BP
Swift Energy Co., Houston, (NYSE: SFY) plans to acquire majority working interests in five primarily onshore South Louisiana properties from ...
Anadarko Closes Western Gas Acquisition
Anadarko Petroleum Corp., Houston, (NYSE: APC) has closed the acquisition of Western Gas Resources Inc., Denver, (NYSE: WGR) for approximately ...
Jim Parkman Steps Down As President Of Petrie Parkman
Jim Parkman stepped down as president of Petrie Parkman & Co. in April. Tom Petrie, chairman and chief executive officer, ...
Helix Acquires Offshore Assets From Chevron
Energy Resource Technology Inc., a subsidiary of Helix Energy Solutions, Houston, (NYSE: HLX) has acquired the Typhoon Field (Green Canyon ...
PBR Names Reichel VP Of Finance
PRB Energy Inc., Denver, (Amex: PRB) has named Daniel D. Reichel vice president of finance and treasurer. He was chief ...
Comstock To Acquire South Texas Assets
Comstock Resources Inc., Frisco, Texas, (NYSE: CRK) plans to acquire certain properties from Houston-based Denali Oil & Gas Partners LP, ...
Norsk Hydro Acquires Offshore Brazilian Assets
Norsk Hydro ASA, Olso, Norway, (NYSE: NHY) has acquired a 50% interest in the Chinook heavy oil discovery offshore Brazil ...
Pacific Energy Names New Officers
Pacific Energy Resources Ltd., Long Beach, Calif., (Toronto: PFE) has named Jeevan Anand chief operating officer and executive vice president. ...
Newfield Temporarily Shuts Down Blackbeard Well
Newfield Exploration Co., Houston, (NYSE: NFX) reports the Blackbeard West #1 exploration well in the South Timbalier area offshore Louisiana ...
Canadian Superior Makes Management Appointments
Canadian Superior Energy Inc., Calgary, (Toronto, Amex: SNG) has named Neil Dore vice president of western Canada operations. He was ...
Whiting Acquires Michigan Assets
Whiting Petroleum Corp., Denver, (NYSE: WLL) has acquired assets in Michigan from a private company for $26 million. The assets are ...
Linn Closes Acquisition Of Oklahoma Assets From Kaiser-Francis
Linn Energy LLC, Pittsburgh, (Nasdaq: LINE) has closed the acquisition of certain Oklahoma assets from Tulsa, Okla.-based Kaiser-Francis Oil Co. ...
Allis-Chalmers Closes Acquisition Of DLS Drilling
Allis-Chalmers Energy Inc., Houston, (Amex: ALY) has acquired DLS Drilling Logistics and Services Corp., Buenos Aires, from Bridas International Holdings ...
Anadarko Names Senior Vice President
Anadarko Petroleum Corp., Houston, (NYSE: APC) has named Charles A. Meloy senior vice president of Gulf of Mexico and international ...
Anadarko Closes The Acquisition Of Kerr-McGee For $16.4 Billion
Anadarko Petroleum Corp., Houston, (NYSE: APC) has closed the acquisition of Kerr-McGee Corp., Oklahoma City, (NYSE: KMG) for $70.50 per ...
Whittier Closes Acquisition From Imperial
Whittier Energy Corp., Houston, (Nasdaq: WHIT) has acquired interests in three fields in Texas and Mississippi from Imperial Petroleum Inc., ...
Saxon Names New CEO and COO
Saxon Energy Services Inc., Calgary, (Toronto: SES) has named Dale E. Tremblay chief executive. He was chief operating officer and ...
Roc Oil Acquires Apache's China Assets
Roc Oil Co. Ltd., Sydney, Australia, (Australia: ROC) has acquired a 24.5% interest in the Zhao Dong Block offshore China ...
Mariner Acquires GOM Assets From BP
Mariner Energy Resources Inc., a subsidiary of Mariner Energy Inc., Houston, (NYSE: ME) has acquired the interest of BP E&P ...
Occidental To Acquire West Texas Assets From Plains
Occidental Petroleum Corp., Los Angeles, (NYSE: OXY) plans to acquire oil and gas assets from Plains E&P Co., Houston, (NYSE: ...
Canadian Oil Sands Amends Offer For Canada Southern
Canadian Oil Sands Ltd. and 1212707 Alberta Ltd., subsidiaries of Canadian Oil Sands Trust, Calgary, (Toronto: COS.UN), have amended their ...
Maverick Names James Watt Chairman And CEO
Maverick Oil and Gas Inc., Fort Lauderdale, Fla., (OTCBB: MVOG) has named James A. Watt chairman and chief executive. Watt ...
Canetic Resources To Acquire Canadian Interests
Canetic Resources Trust, Calgary, (NYSE: CNE; Toronto: CNE.UN) plans to acquire interests in central Alberta and northeastern British Columbia from ...
Robinson Resigns As Chairman Of Gastar
Thom Robinson has resigned as chairman of Gastar Exploration Ltd., Houston, (Amex: GST; Toronto: YGA) to devote his attention to ...
Linn Closes California Acquisition From Blacksand
Linn Energy LLC, Pittsburgh, (Nasdaq: LINE) has closed its acquisition of certain affiliated entities of privately held Houston-based Blacksand Energy ...
Mike Salamon To Retire From BHP Billiton
Mike Salamon plans to retire as executive president of BHP Billiton, Melbourne, Australia, (NYSE: BHP). He was group president of ...
Exxel Plans Piceance Basin Acquisition From Galaxy
Exxel Energy (USA) Inc., the American subsidiary of Exxel Energy Corp., Vancouver, (Toronto Venture: EXX) plans to acquire an undivided ... COMPANIES IN THIS ISSUE
Company Index
A&D Strategies and Opportunities 110 A&D Watch 100 A.G. Edwards & Sons 35 A.G. Edwards & Sons 18 ABN Amro 106 Adams Group 108 Agip KCO 71 AIG Financial Products LLC 24 Albrecht & Associates ... |
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