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Even as recently as today, U.S. producers are benefiting from the wisdom of legendary 19th-century newspaper editor, reformer and politician FEATURES
Encore Acquisition Explains Acquisitions, E&P MLP Spin-Out
Since its inception in 1998, Fort Worth, Texas-based Encore Acquisition Co. has made acquisitions totaling more than $1.8 billion, primarily ...
Some 23,000 Miles Of Pipelines Under Way
North American pipeline and gathering companies are building, planning and studying an astonishing 23,000 miles of natural gas, crude oil ...
OCTG Merger-Mania Rolls Up Four Leading U.S. Makers
Merger-mania in the oil-country tubular goods (OCTG) sector came to a head in early May when Stockholm, Sweden-based SSAB Svenskt ...
The Carve-Out: What Makes A Good E&P MLP?
E&P "MLP mania" continues to gain steam, as several producers have announced or hinted during the past few weeks at ...
New Brunswick Starts First Gas Production This Month
New Brunswick's iconic images are of lobsters, lighthouses and stunning tides. Tourists flock to the Maritime province to immerse themselves ...
OVERCOMING THE LAW OF LARGE NUMBERS?
The evolution of an E&P company is on-going. Are large-cap E&Ps getting too big and too complex? Is the business ...
GULF RISK MANAGEMENT
Bob Dylan was not singing about climate change or atmospheric conditions back in 1965 and upon entering the summer of ...
TRISTONE CAPITAL'S ENERGY LENDER PRICE SURVEY
Energy lenders' view of forward oil and gas prices has improved during the past quarter, according to a survey of ... NEWSWELL
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FROM THE EDITOR-IN-CHIEF
Shale Mania
I've got it. I've created the perfect business plan: an E&P-oriented MLP that I call MyShaleYouTubeMLP.com. That ought to insure ... COMPLETIONS
Future Value
There are oil and gas assets for sale-and some of their greatest value may be free! One would have to ... TRENDS AND ANALYSIS
All-In F&D Costs
Producers continue to reach deep into coffers to pay finding and development (F&D) costs this year, establishing a yet-higher new ... E&P MOMENTUM
Upstarts in Africa
Two small Houston-based firms each have gigantic projects under way in Africa. Offshore the east side of the continent, ... EXPLORATION HIGHLIGHTS
EASTERN U.S.
1 Royal Production Co. Inc., Corpus Christi, Texas, plans a wildcat on its Pebble Beach/Grand Dunes prospect drilled ...
GULF COAST
1 The Barnett shale play continues to show strength in Texas as Chesapeake Operating Inc., Oklahoma City, scheduled its #1 ...
MIDCONTINENT & PERMIAN BASIN
1 Resources Buffalo Common LLC, Stockton, Kan., will drill to 4,000 ft. to test Lansing-Kansas City at a wildcat in ...
WESTERN U.S.
1 ConocoPhillips Alaska Inc. will drill a wildcat in Section 11-19n-20w, Umiat Meridian, on the North Slope of Alaska. The ...
INTERNATIONAL HIGHLIGHTS
Lower Cretaceous reservoirs offshore France are the primary targets of a group of Canadian explorers. Vancouver-based Bordeaux Energy Inc. ... NEW FINANCINGS
New Financings
Equity CompanyExchange / SymbolHeadquartersAmountComments Exco Resources Inc.NYSE: XCODallasUS$2 billionPrivately placed $390 million in 7% cumulative convertible perpetual preferred ... COMPANY BRIEFS
Production Services Network marks first anniversary
On May 1, a large oilfield services company, Production Services Network, celebrated its first anniversary as a freestanding entity, having ...
Additional news
Pioneer Natural Resources Co., Dallas, (NYSE: PXD) plans to form two publicly traded master limited partnerships that will own ...
In Memoriam
Richard P. Cullen, the founder and first president of the Independent Petroleum Association of Mountain States (IPAMS), passed away in ... ON THE MONEY
Upstream Spending Rising
When it comes to making forecasts about the industry, it's nice once in a while to err on the side ... EDITORS COMMENT
Mulva: ConocoPhillips Out Of Venezuela; Into Russia, Canada
It is "premature" to say whether Houston-based ConocoPhillips (NYSE: COP) will get fair compensation for its interests in Venezuela, Jim ...
Drilling Activity Expected To Ramp Up In Second Half
If rig permits are a leading indicator of domestic land-drilling activity, as they historically have been, then look for an ...
Drilling Activity Expected To Ramp Up in Second Half
If rig permits are a leading indicator of domestic land-drilling activity, as they historically have been, then look for an ...
Upstarts In Africa
Two small Houston-based firms each have gigantic projects under way in Africa. Offshore the east side of the continent, on ...
Quantum's Wolf Advises Good Relationships, Never Burning Bridges
It's not every day that a 30-year E&P veteran, no matter how well respected, gets $1 billion of private equity ...
No Small Wonders
New Brunswick's iconic images are of lobsters, lighthouses and stunning tides. Tourists flock to the Maritimes province to immerse themselves ...
Insurance Provider Launches Blowout-Prevention Business
Travelers Insurance has launched a free emergency-response planning guide for managing well blowouts in U.S. oil and gas land drilling. ...
Project Suggests Shear Wave Best Seismic Mode
Geophysics professor Tom Davis presented results of Phase XI of the Reservoir Characterization Project (RCP) to a packed house of ...
Fayetteville And Woodford Shales
Even as late as today, U.S. producers are benefiting from the wisdom of legendary 19th-century newspaper editor, reformer and politician ...
OGIS Attendees: MLPs, Resource Plays Are Intertwined
How many more master limited partnerships (MLPs) can the market absorb? The opportunity may be almost unlimited, according to observers ...
Upstream Spending Rising
When it comes to making forecasts about the industry, it's nice once in a while to err on the side ...
Alternative-Energy Plans 'Somewhat Detached From Reality,' Says Petrie
A critical driver of energy challenges "is a U.S. energy policy somewhat detached from reality," said Thomas A. Petrie, vice ...
Tubular Demand
Merger-mania in the oil country tubular goods (OCTG) sector came to a head in early May when Stockholm, Sweden-based SSAB ...
All-In F&D Costs
Producers continue to reach deep into coffers to pay finding and development (F&D) costs this year, establishing a yet-higher new ...
Shale Mania
I've got it. I've created the perfect business plan: an E&P-oriented MLP that I call MyShaleYouTubeMLP.com. That ought to insure ...
EVEP's Walker Lists Bad Reasons For Forming An MLP
Take the money and run. "It's the first item on my list of bad reasons to form an MLP (master ...
Energy Execs Say More Government Support Needed For Renewables
As basins continue to mature around the U.S. and reserves continue to decline, many believe it is naïve to continue ...
Horizontal Drilling In Unconventional Resources Can Double IRR
Horizontal drilling in the U.S. has increased nearly 50% since 2002. One reason: advances made in horizontal-drilling and fracture-stimulation technologies ... HEADLINES
Crow Creek Closes Midcontinent Acquisition From Encore
Privately held, Tulsa, Okla.-based Crow Creek Energy II LLC, has closed its acquisition of certain Midcontinent assets from Encore Acquisition ...
Tetra Plans MLP For Oilfield Service Subsidiary
Tetra Technologies Inc., The Woodlands, Texas, (NYSE: TTI) plans to form a master limited partnership (MLP) for the majority of ...
Celtic Acquires Alberta Assets
Celtic Exploration Ltd., Calgary, (Toronto: CLT) has closed the acquisition of certain assets in Alberta from an undisclosed company for ...
EV, EnerVest Close Anadarko/Texas Deal
EV Energy Partners LP, Houston, (Nasdaq: EVEP) and certain institutional partnerships managed by EnerVest Management Partners Ltd., Houston, have closed ...
ConocoPhillips Leaves Venezuela Following Negotiation Breakdown
ConocoPhillips, Houston, (NYSE: COP) reports that it was unable to reach an agreement with the Venezuelan government concerning its reorganization ...
Paramount And Baytex Close Acquisition Of Dominion's Canadian E&P
Paramount Energy Trust, Calgary, (Toronto: PMT-UN) and Baytex Energy Trust, Calgary, (Toronto: BTE-UN) plan to acquire the remaining Canadian E&P ...
Petrohawk To Sell Gulf Coast Division
Petrohawk Energy Corp. has retained Merrill Lynch Petrie to sell its Gulf Coast division. The assets include properties on the Texas, ...
Petrohawk Plans To Form MLP For Permian And Arkoma Assets
Petrohawk Energy Corp., Houston, (NYSE: HK) plans to form an MLP named HK Energy Partners LP for certain Permian and ...
Statoil Closes North American Oil Sands Acquisition
Statoil ASA, Stavanger, Norway, (Oslo: STL; NYSE: STO) has closed its acquisition of privately held North American Oil Sands Corp., ...
Compton To Acquire Stylus
Compton Petroleum Corp., Calgary, (NYSE: CMZ) plans to acquire Stylus Energy Inc., Calgary, (Toronto: STY) for C$91 million in cash ...
SandRidge Energy Files IPO
Oklahoma City-based SandRidge Energy Inc. has filed its IPO of an undisclosed number of shares for an undisclosed price-per-share in ...
Gazprom To Acquire Siberian Assets From BP
Gazprom, Moscow, (London: OGZD) plans to acquire Siberian assets from BP Plc, London, (NYSE: BP) and BP's Russian joint venture, ...
McMoRan To Acquire Shallow Water Gulf Assets From Newfield
McMoRan Exploration Co., New Orleans, (NYSE: MMR) plans to acquire all of the Gulf of Mexico shallow water producing properties ...
Venoco To Form MLP For Certain Assets
Venoco Inc., Denver, (NYSE: VQ) plans to IPO a master limited partnership (MLP) of some California and Texas assets. The MLP ...
Hicks Holding Files IPO
Tom Hicks and team at Dallas-based Hicks Holdings LLC have filed an S-1 to IPO Hicks Acquisition Co. I Inc., ...
McGill To Retire As SVP Of ExxonMobil
Stuart R. McGill will retire as senior vice president of ExxonMobil Corp., Irving, Texas, (NYSE: XOM) effective July 31. He ...
Stylus Energy Sells Noncore Assets
Stylus Energy Inc., Calgary, (Toronto: STY) has sold certain nonproducing, noncore assets to an undisclosed buyer for C$12 million in ...
St. Mary Acquires South Texas Assets
St. Mary Land & Exploration Co., Denver, (NYSE: SM) has acquired assets in South Texas from an undisclosed seller for ...
Castex Closes Acquisition Of Louisiana Assets From Energy Partners
Privately held Houston-based Castex Energy 2007 LP has closed the acquisition of substantially all of the onshore South Louisiana assets ...
Cal Dive To Acquire Horizon Offshore
Cal Dive International Inc., Houston, (NYSE: DVR) plans to acquire Horizon Offshore Inc., Houston, (Nasdaq: HOFF) for $650 million in ...
Murphy Acquires Bear Ridge's Tupper Gas Interests
Murphy Oil Co. Ltd., a subsidiary of Murphy Oil Corp., El Dorado, Ark., (NYSE: MUR) has acquired the interests in ...
CNX To Acquire 1 Million Acres Of Gas Rights From Peabody
CNX Gas Corp., Pittsburgh, (NYSE: CXG) plans to acquire the gas interests, including coal gas, on more than 1 million ...
Energy XXI Closes Acquisition Of Gulf Shelf Properties From Pogo
Energy XXI (Bermuda) Ltd., Houston, (London: EGY) has closed its acquisition of certain Gulf of Mexico shelf properties from Pogo ...
Forest Closes Acquisition Of Houston Exploration
Forest Oil Corp., Denver, (NYSE: FST) has closed its acquisition of The Houston Exploration Co., Houston, (NYSE: THX) for $1.5 ...
Basic Acquires Service Assets Of Wildhorse And Eagle Frac Tank
Basic Energy Services Inc., (NYSE: BAS) has acquired Woodward, Okla.-based Wildhorse Services Inc. and substantially all of the operating assets ...
Castex To Acquire Louisiana Assets From Energy Partners
Privately held Houston-based Castex Energy 2007 LP plans to acquire substantially all of the onshore South Louisiana assets of Energy ...
Arawak To Acquire Kazakhstan-Focused Producer
Arawak Energy Corp., Anguilla, British West Indies, (Toronto: ABG) plans to acquire Saigak Investments BV from privately held Rotterdam, The ...
Comstock Acquires Assets In South Texas
Comstock Resources Inc., Frisco, Texas, (NYSE: CRK) has acquired assets in South Texas from an undisclosed seller for $32.5 million. ...
Loews And XTO To Buy Dominion E&P Operations
Loews Corp., New York, (NYSE: LTR) and XTO Energy Inc., Fort Worth, Texas, (NYSE: XTO) plan to acquire most of ...
Team Closes Acquisition Of Aitec
Team Inc., Alvin, Texas, (Nasdaq: TISI) plans to acquire the stock of Toronto-based Aitec Inc. and its related companies for ...
Penn West Plans To Acquire C1 Energy
Penn West Petroleum Ltd., a subsidiary of Penn West Energy Trust, Calgary, (Toronto: PWT-UN, NYSE: PWE) plans to acquire C1 ... COMPANIES IN THIS ISSUE
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