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India has emerged from decades of self-imposed isolation, and it now plays an ever-widening role on the world stage. Today, FEATURES
CAPITAL ATTENTION TAKES NOTICE OF MIDSTREAM
There's a domino effect under way today in the energy sector that may be getting overlooked by investors. No, it's ...
ZION OIL & GAS TRIES THE STAGED IPO
The initial public offering alone can be a huge and heady endeavor. Try five of them. This is what management ...
WILLIAMS PUMPS UP VOLUME IN SAN JUAN
The venerable San Juan Basin, discovered in the 1920s, has been actively drilled since the 1950s. Along the ...
ST. MARY'S BEST
Approaching its 100th birthday, Denver-based St. Mary Land & Exploration Co. is going through a bit of a management face-lift. ...
Scotia Waterous' Regional Spotlight
The U.S. Midcontinent involves 12 petroleum provinces and eight states, and is defined by long-life gas reserves and substantial yet-to-be ...
KEY PERFORMANCE INDICATORS
Executives in the oil and gas industry today face some unique challenges, including a competitive landscape, compliance and regulatory pressures, ... NEWSWELL
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FROM THE EDITOR-IN-CHIEF
CHICKEN, CORN AND COFFEE
Inasmuch as we write about commodities that provide energy, I've been thinking we ought to expand our horizons a little ... COMPLETIONS
HOLA, G'DAY, KONNICHIWA!
Heads up, upstream players! Non-North American oil and gas companies are increasingly competing with U.S. independents for domestic oil and ... TRENDS AND ANALYSIS
FINDING AND KEEPING TALENT
You are not alone in the staffing challenge. Some 94% of energy human-resources executives report that acquiring top talent is ... E&P MOMENTUM
SIX EXPLORATION TRENDS
Petroleum exploration today is a complex and nuanced business, and the best approach is one that offers a broad portfolio ... EXPLORATION HIGHLIGHTS
WESTERN U.S.
1 Shell Offshore Inc. lined up 11 wildcats to test six Beaufort Sea prospects offshore Alaska over the next three ...
INTERNATIONAL HIGHLIGHTS
Questions surround a mammoth potential discovery in Libya, with the foreign operator saying it could be one of the biggest ...
MIDCONTINENT & PERMIAN BASIN
1 A couple of discoveries resulted from wildcats drilled in western Rooks County, Kan., on the northwestern end of the ...
EASTERN U.S.
1 A discovery flowed 163,000 cu. ft. of gas a day for Betsy Production Co., Magnolia, Ark., at its #1 ...
GULF COAST
1 Mack Diamond Energy LLC, Wolfe City, Texas, permitted a 12,950-ft. wildcat for nonproducing Fannin County, Texas (RRC 5). The ... NEW FINANCINGS
New Financings
Equity CompanyExchange / SymbolHeadquartersAmountComments D-R Interholding LLCNAHoustonUS$312.5 millionPlans to sell 11.6 million shares of its parent company Dresser-Rand ... COMPANY BRIEFS
Lone Star going to U.S. Steel for $2.1B
United States Steel Corp., Pittsburgh, (NYSE: X) plans to acquire Lone Star Technologies Inc., Dallas, (NYSE: LSS) for $67.50 per ...
Additional News
Securities analyst Stuart Wagner has joined LNG facility developer Cheniere Energy Inc., Houston, (Amex: LNG) as senior vice president, ...
Memorium
Former IPAA president Lloyd N. Unsell passed away in April at the age of 84. He retired as IPAA president ... ON THE MONEY
CYCLE STILL HAS LEGS
This April, the 35th annual Howard Weil energy conference in New Orleans played to a packed house of investors who ... EDITORS COMMENT
Russian Oil, Gas Reserves Too Big To Ignore
Russia's oil and gas reserves are just too big for the world's oil companies to ignore, says Wood Mackenzie senior ...
Permian Basin Will Be A Hotbed Of M&A Activity
Buyers understand the quality of and long reserve life of oil and gas assets in the Permian Basin, several business-development ...
Plains Chief: Midstream Will Be More Important As Supplies Tighten
Capacity of the vast infrastructure that moves crude oil to refineries from Canada and the Gulf Coast will be increasingly ...
Hola, G'Day, Konnichiwa!
Heads up, upstream players! Non-North American oil and gas companies are increasingly competing with U.S. independents for domestic oil and ...
Acquisitions Closing Quietly In Canada
A new trend of transactions being done on a "quiet basis" is emerging in the Canadian M&A space in 2007, ...
Midcontinent
The U.S. Midcontinent involves 12 petroleum provinces and eight states, and is defined by long-life gas reserves and substantial yet-to-be ...
Economist Expects Worldwide Recession By End Of 2008
In 2006, the U.S. consumed an estimated 20.7 million barrels of oil a day, or approximately 7.5 billion barrels of ...
India
India has emerged from decades of self-imposed isolation, and it now plays an ever-widening role on the world stage. Today, ...
Investors See Stock-Buying Opportunities, Yet Face Dilemma
When there's a perception that the bull market for energy stocks is far from over, that may be great news ...
Mexico's Oil Industry "In Real Crisis," Former Ambassador Says
"We are in a real crisis with our energy sector," says former Mexican ambassador Andrés Rozental. Pemex, the national oil company, ...
Key Performance Indicators
Executives in the oil and gas industry today face some unique challenges, including a competitive landscape, compliance and regulatory pressures, ...
Analyst Sees Trend Toward Upstream MLPs Accelerating
Master limited partnership (MLP) spin-offs in the E&P space should ramp up significantly during the next few years as producers ...
The Staged IPO
The initial public offering alone can be a huge and heady endeavor. Try five of them. This is what management ...
IPAA's Linn Warns Congress Making Folly In Energy Policy
During a keynote speech at the 13th annual Executive Oil Conference in Midland recently, Mike Linn noted with alarm the ...
Cycle Still Has Legs
This April, the 35th annual Howard Weil energy conference in New Orleans played to a packed house of investors who ...
Best Field Rejuvenation
The venerable San Juan Basin, discovered in the 1920s, has been actively drilled since the 1950s. Along the way, it ...
Hedberg Group Estimates Peak Oil Production During 2020-30
World crude oil and petroleum liquids production will plateau at a peak rate between 90- and 100 million barrels per ... HEADLINES
ENI Closes Acquisition Of Congolese Assets From Maurel & Prom
ENI Congo SA, an affiliate of ENI SpA, Rome, (NYSE: E) has closed its acquisition of interest in two fields ...
Plains Closes Acquisition Of Colorado Assets From Laramie
Plains Exploration & Production Co., Houston, (NYSE: PXP) has closed its acquisition of all the interests in producing properties and ...
Gentry Acquires Assets In Alberta
Gentry Resources Ltd., Calgary, (Toronto: GNY) has acquired certain assets in Alberta from an undisclosed seller for C$74.25 million. The assets ...
Paramount And Baytex To Buy Dominion's Canadian E&P Assets
Paramount Energy Trust, Calgary, (Toronto: PMT-UN) and Baytex Energy Trust, Calgary, (Toronto: BTE-UN) plan to acquire the remaining Canadian E&P ...
Talisman Names Manzoni President And CEO
Talisman Energy Inc., Calgary, (Toronto, NYSE: TLM) has named John Manzoni president and chief executive, effective Sept. 1. He was ...
Abu Dhabi National Energy To Acquire Northrock Resources From Pogo
Abu Dhabi National Energy Co. PJSC, Abu Dhabi, UAE, (Abu Dhabi: TAQA) plans to acquire Northrock Resources Ltd. from parent ...
Jed To Sell Its North Ferrier Assets
Jed Oil Inc., Didsbury, Alberta, (Amex: JDO) plans to sell its North Ferrier assets in Alberta to an undisclosed arms-length ...
Pacific Energy To Acquire Forest's Alaska Assets
Pacific Energy Resources Ltd., Long Beach, Calif., (Toronto: PFE) plans to acquire all of the Alaska assets of Forest Oil ...
BreitBurn Acquires Florida Assets From Calumet
BreitBurn Energy Partners LP, Los Angeles, (Nasdaq: BBEP) has closed the acquisition of oil properties along the Sunniland Trend in ...
Leor Invests In Navasota/East Texas Leasehold
Privately held Houston-based Leor Energy has made an undisclosed equity investment in privately owned Texas-based Navasota Resources LP. Navasota recently acquired ...
Petrowest Closes Acquisition Of Service Companies
Petrowest Energy Services Trust, Calgary, (Toronto: PRW-UN) has closed its acquisition of five private road-construction, gravel-crushing and log-hauling businesses in ...
Occidental To Acquire Anadarko's Qatar Subsidiary
A subsidiary of Occidental Petroleum Corp., Los Angeles, (NYSE: OXY) plans to acquire Anadarko Qatar Energy Co. LLC from Anadarko ...
Atlas Plans To Acquire DTE's Oil And Gas Assets For $1.23B
Atlas Energy Resources LLC, Pittsburgh, (NYSE: ATN) plans to acquire DTE Gas & Oil Co., a subsidiary of DTE Energy ...
Mitsubishi And Nippon Close K2 Acquisition From Anadarko
MCX Gulf of Mexico LLC, a subsidiary of Mitsubishi Corp., Tokyo, (Tokyo: 8058) and Nippon Oil Exploration USA Ltd., a ...
BreitBurn To Acquire Florida Assets From Calumet
BreitBurn Energy Partners LP, Los Angeles, (Nasdaq: BBEP) plans to acquire oil properties along the Sunniland Trend in Florida from ...
Pinnacle Gas Prices IPO At $9/Share
Pinnacle Gas Resources Inc., Sheridan, Wyo., (Nasdaq: PINN) has priced its initial public offering of 3.75 million shares at $9 ...
Encore To Sell Midcontinent Assets
Encore Acquisition Co., Fort Worth, Texas, (NYSE: EAC) plans to sell certain Midcontinent assets to an undisclosed private buyer for ...
Continental Resources Prices IPO At $15/Share
Continental Resources Inc., Enid, Okla., (NYSE: CLR) has priced its initial public offering of 29.5 million shares at $15 each ...
Ram Closes Acquisition Of New Mexico And Texas Assets
Ram Energy Resources Inc., Tulsa, Okla., (Nasdaq: RAME) has closed its acquisition of assets in southeastern New Mexico and West ...
Ichan Acquires Small Stake In Anadarko
White Plains, N.Y.-based Icahn Management LP has acquired 3.1 million shares of Anadarko Petroleum Corp., The Woodlands, Texas, (NYSE: APC) ...
Dune Closes Acquisition Of Goldking
Dune Energy Inc., Houston, (Amex: DNE) has acquired Houston-based Goldking Energy Corp. for $302.5 million in cash and $18 million ...
Newfield To Acquire Most Of Stone's Rockies Assets
Newfield Exploration Co., Houston, (NYSE: NFX) plans to buy Rockies assets from Stone Energy Corp., Lafayette, La., (NYSE: SGY) for ...
Mitsubishi And Nippon Oil To Acquire K2 Interest From Anadarko
Mitsubishi Corp., Tokyo, (Tokyo: 8058) and Nippon Oil, Tokyo, (Tokyo: 5001) plan to acquire 11.6% interest each in the K2 ...
Rosneft Acquires Last Production Assets Of Yukos
Neft-Aktiv LLC, an indirect subsidiary of Rosneft, Moscow, (London: ROSN) has acquired Lot 11 that includes the last Russian production ...
PrimeWest To Merge With Shiningbank
PrimeWest Energy Trust, Calgary, (Toronto: PWI-UN; NYSE: PWI) plans to acquire Shiningbank Energy Income Fund, Calgary, (Toronto: SHN-UN) for C$14.60 ...
Vermillion To Acquire Wandoo Field
Vermilion Oil & Gas Australia Pty Ltd., a subsidiary of Vermilion Energy Trust Calgary, (Toronto: VET-UN) plans to acquire the ...
Exco Closes Acquisition With Anadarko, Sells Some Assets To Crimson
Exco Resources Inc., Dallas, (NYSE: XCO) closed its acquisition of producing properties and other assets in multiple fields in the ...
Tenaris Closes Acquisition Of Hydril
Tenaris SA, Luxembourg, (NYSE: TS) has closed its acquisition of Hydril Co., Houston, (Nasdaq: HYDL) for US$97 per share in ...
GE Partners With Two Operators To Acquire Texas And Oklahoma Assets
GE Energy Financial Services, a division of GE, Stamford, Conn., (NYSE: GE) has partnered with Southern Bay Energy, a subsidiary ...
SSAB To Acquire Ipsco For US$7.7 Billion
SSAB Svenskt Staal AB, Stockholm, Sweden, (Stockholm: SSABA) plans to acquire Ipsco Inc., Lisle, Ill., (NYSE, Toronto: IPS) for US$160 ...
Eagle Rock Closes Acquisition Of Assets From Montierra
Eagle Rock Energy Partners LP, Houston, (Nasdaq: EROC) has acquired certain fee minerals, royalties and working-interest properties throughout the U.S. ...
Provident To Acquire Capitol Energy Resources
Provident Energy Trust, Calgary, (Toronto: PVE-UN; NYSE: PVX) plans to acquire Capitol Energy Resources Ltd., Calgary, (Toronto: CPX) for C$467 ...
DXP Enterprises To Acquire Delta Process
DXP Enterprises Inc., Houston, (Nasdaq: DXPE) plans to acquire the business of Denham Springs, La.-based Delta Process Equipment Inc. for ...
Occidental Announces Asset Exchange With BP
Occidental Petroleum Corp., Los Angeles, (NYSE: OXY) and BP Plc, London, (London, NYSE: BP) plan to swap some West Texas ...
BP CEO Browne Resigns
John Browne has resigned as chief executive of BP Plc, London, (London: BP; NYSE: BP) following the release of a ... COMPANIES IN THIS ISSUE
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