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A groundswell of interest in oil and gas production from shales is transforming the domestic industry. It's a surprising development FEATURES
ROYALTY BUYERS WANT YOUR ASSETS
The landscape for acquiring oil and gas royalties has changed. Major investor-backed royalty buyers have seen royalty prices increasing during ...
DENHAM, BSI, RIVINGTON TALK STRATEGY
More and more, the pools of private capital aimed at the energy space are swelling. One might even say they're ...
UNION, PIONEER GROWING ONSHORE U.S.
After the 1979-81 oil boom went bust, a lot of U.S. land drillers stacked their iron and headed for bankruptcy ...
ANALYSIS: BP, XOM SPENDING LESS THAN CVX, RDS
The challenges faced by oil and gas companies in trying to profitably grow their businesses are numerous. Maturing basins, increasing ...
JUST ADD ETHANOL
Never before has there been such interest in biofuels production and use in the U.S. and around the world, particularly ...
TRISTONE CAPITAL'S PUBLIC MARKETS OVERVIEW
The first half of the year can be summed up in one word-volatile. Following an early stumble out of the ...
Changing U.S. Energy policy
This year is shaping up to be a monumental struggle between some of the most influential leaders in Congress and ... NEWSWELL
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FROM THE EDITOR-IN-CHIEF
JUDGMENT CALLS
So much of what happens in our private lives, in civil society, in commerce and in government-even when we're reading ... COMPLETIONS
GOT MLP?
Some producers are concerned that the new U.S. upstream master limited partnerships (MLPs) will ruin the domestic business, that more ... TRENDS AND ANALYSIS
2007 Capex
Worldwide exploration and production spending in 2007 will increase 13%, up from 9% estimated at 2006 year-end, according to the ... E&P MOMENTUM
GREEN RIVER OIL SHALE
The immense potential of oil shale overshadows existing proved oil reserves. The U.S. Geological Survey has estimated world oil-shale resources ... EXPLORATION HIGHLIGHTS
INTERNATIONAL HIGHLIGHTS
A couple of deepwater discoveries have been added to the bonanza on offshore Angola's Block 32. The finds are the ...
GULF COAST
1 LCT Energy LP, Lewisville, Ark., plans a wildcat to 18,500 ft. in northwestern Red River County, Texas, (RRC 6) ...
WESTERN U.S.
1 Longbow LLC, Bakersfield, Calif., scheduled #1 Archer-Schock new-field wildcat to look for natural gas at an undisclosed formation and ...
EASTERN U.S.
1 Choctaw Geological Enterprises, a business of MBCI Enterprise, Choctaw, Miss., will drill a remote wildcat some 35 miles from ...
MIDCONTINENT & PERMIAN BASIN
1 Bach Oil Production Inc., Alma, Neb., tested its #1 Lowrey Unit in western Rooks County, Kansas, for 175 bbl. ... NEW FINANCINGS
Equity CompanyExchange / SymbolHeadquartersAmountComments Atlas Energy Resources LLCNYSE: ATNPittsburghUS$600 millionPlans to privately place 24 million common and class ... COMPANY BRIEFS
Loews, XTO bid $6.5B for Dominion packages
Loews Corp., New York, (NYSE: LTR) and XTO Energy Inc., Fort Worth, Texas, (NYSE: XTO) plan to acquire most of ...
Leor, Navasota, Chesapeake up Texas stakes via Gastar
Privately held Houston-based Leor Energy has made an undisclosed equity investment in privately owned Texas-based Navasota Resources LP, which recently ...
Pacific Energy to take all of Forest's Alaskan assets
Pacific Energy Resources Ltd., Long Beach, Calif., (Toronto: PFE) plans to acquire all of the Alaska assets of Forest Oil ...
Newfield to expand in Rockies with Stone package
Newfield Exploration Co., Houston, (NYSE: NFX) plans to buy Rockies assets from Stone Energy Corp., Lafayette, La., (NYSE: SGY) for ...
Exco, Crimson swing $860MM Anadarko deal
Exco Resources Inc., Dallas, (NYSE: XCO) has acquired producing properties and other assets in multiple fields in the Midcontinent, South ...
Additional news...
Quest Resource Corp., Oklahoma City, (Nasdaq: QRCP) plans to IPO an MLP of its coalbed-methane properties in the Cherokee ...
M&A news...
Atlas Energy Resources LLC, Pittsburgh, (NYSE: ATN) plans to acquire DTE Gas & Oil Co., a subsidiary of DTE ... ON THE MONEY
TIGHTER SUPPLY
Just about everywhere one turns these days, there's a perception that natural gas and global oil supply are tighter than ... EDITORS COMMENT
Three Roads To Capital
More and more, the pools of private capital aimed at the energy space are swelling. One might even say they're ...
Black Pool Managed Investor Relations Through Two Dry Holes, Then Third
Rick Bobigian and his team at Houston-based Black Pool Energy LP were not only the smallest fish on a panel ...
Stealth Shales
A groundswell of interest in oil and gas production from shales is transforming the domestic industry. It's a surprising development ...
Standard & Poor's Finishes PIM Risk-Management Review
Standard & Poor's Ratings Services has completed its initial PIM (policies, infrastructure and methodologies) risk-management review of 10 selected U.S. ...
North American M&A Deal-Making May Hit $30 Billion This Year
North American property transactions have doubled in total dollar value this decade, according to Randy King, managing director and head, ...
Judgment Calls
So much of what happens in our private lives, in civil society, in commerce and in government-even when we're reading ...
Fitch: Drillers Have Elevated Exposure As LBO Candidates
Fitch Ratings believes the U.S. drilling and service sectors have an elevated exposure to leveraged-buyout (LBO) transactions. Historically, the industry ...
Got MLP?
Some producers are concerned that the new U.S. upstream master limited partnerships (MLPs) will ruin the domestic business, that more ...
Deep Gulf Operator Advises Capital-Seekers To Know The Exit Plan Before Entering
The deepwater Gulf of Mexico has proven to be a windfall for Deep Gulf LP, a small, privately held independent ...
Land Drillers
After the 1979-81 oil boom went bust, a lot of U.S. land drillers stacked their iron and headed for bankruptcy ...
Gas-Price Outlook Bullish; LNG Creates New Ceiling; MLPs May Become Tsunami
All signs point to continued high natural gas prices, and continued challenges to adding gas supply, three speakers said in ...
New Nasdaq Private Platform To Offer 144A Securities Trading
Here's the check. Now, don't worry so much about the rest. Nasdaq is planning to launch a trading platform-The Portal ...
Tighter Supply
Just about everywhere one turns these days, there's a perception that natural gas and global oil supply are tighter than ...
Green River Oil Shale
The immense potential of oil shale overshadows existing proved oil reserves. The U.S. Geological Survey has estimated world oil-shale resources ...
Pickering Calls MLPs 'Magic Little Pills;' West Texas Barnett A Bust
"The majority of questions coming into our business concern gas markets, resource plays and MLPs," Dan Pickering, principal and founder ...
Caution Flag Out, New Direction Sought By Disciplined Private-Capital Providers
Thanks to commodity price changes and a flood of new money, private capital providers are exploring new areas for investing, ... HEADLINES
Loews And XTO Close Acquisitions From Dominion
HighMount Exploration & Production LLC, a subsidiary of Loews Corp., New York, (NYSE: LTR) and XTO Energy Inc., Fort Worth, ...
Marathon To Acquire Western Oil Sands For US$6.2 Billion
Marathon Oil Corp., Houston, (NYSE: MRO) plans to acquire Western Oil Sands Inc., Calgary, (Toronto: WTO) in a deal valued ...
Pioneer To Acquire Raton Interest From Petrogulf
Pioneer Natural Resources Co., Dallas, (NYSE: PXD) plans to acquire an expanded interest in the Raton Basin in Colorado from ...
Oil States To Acquire Assets Of Schooner
Oil States International Inc., Houston, (NYSE: OIS) plans to acquire substantially all of the assets of Houston-based Schooner Petroleum Services ...
Titan Closes Alberta/Saskatchewan Swap
Titan Exploration Ltd., Calgary, (Toronto: TTN-A) has closed its sale to an undisclosed seller of certain Titan assets in northern ...
Pioneer Files To IPO Permian MLP
Pioneer Natural Resources Co., Dallas, (NYSE: PXD) has filed an S-1 to IPO its Pioneer Southwest Energy Partners LP expecting ...
Constellation Closes Acquisition Of Amvest Osage
Constellation Energy Partners LLC, Baltimore, (NYSE: CEP) has closed its acquisition of Amvest Osage Inc., a subsidiary of privately held, ...
JKX To Acquire Russian Gas Field
JKX Oil & Gas Plc, London, (London: JKX) plans to acquire 100% of the license in Koshekhablskoye gas field in ...
GlobalSantaFe And Transocean To Combine
GlobalSantaFe Corp., Houston, (NYSE: GSF) and Transocean Inc., Houston, (NYSE: RIG) plan to combine in a merger of equals with ...
Williams To Form MLP For Certain Midstream Assets
Williams Cos. Inc., Tulsa, (NYSE: WMB) plans to create an MLP that will own interest in its interstate gas pipeline ...
Quest Energy MLP Files IPO
Oklahoma City-based Quest Energy Partners LP has filed an S-1 to IPO 8.75 million common units for estimated gross proceeds ...
Devon To IPO MLP Of Marketing, Midstream Assets
Devon Energy Corp., Oklahoma City, (NYSE: DVN) plans to form and IPO an MLP that will hold a minority interest ...
EV Energy To Buy Permian Assets From Plantation
EV Energy Partners LP, Houston, (Nasdaq: EVEP) plans to acquire properties in the Permian Basin from privately owned, Houston-based Plantation ...
Plains To Acquire Pogo For $3.6 Billion
Plains Exploration & Production Co., Houston, (NYSE: PXP) plans to acquire Pogo Producing Co., Houston, (NYSE: PPP) for $1.5 billion ...
Contango Names Berilgen To Its Board
Contango Oil & Gas Co., Houston, (Amex: MCF) has named Bill Berilgen to its board. He was chairman, chief executive ...
IPR To Acquire Santos' U.S. Assets
IPR North America Holdings Corp. and IPR Lay Creek LLC plan to acquire the U.S. assets of Santos Ltd., Adelaide, ...
Hercules Closes Acquisition Of Todco
Hercules Offshore Inc., Houston, (Nasdaq: HERO) has closed its acquisition of Todco, Houston, (NYSE: THE) for a total of approximately ...
Abraxas MLP Files IPO
San Antonio-based Abraxas Energy Partners LP has filed an S-1 to IPO 2 million units at an expected price of ...
Cordillera Et Al. Sell North Dakota Assets
Privately held, Denver-based Cordillera Energy Partners, privately held, Denver-based Prima Exploration Inc., privately held, Greenwood Village, Co.-based Denver Mineral & ...
Constellation To Acquire Amvest Osage
Constellation Energy Partners LLC, Baltimore, (NYSE: CEP) plans to acquire Amvest Osage Inc., a subsidiary of privately held, Charlottesville, Va.-based ...
Chesapeake, Anadarko Enter West Texas JV
Chesapeake Energy Corp., Oklahoma City, (NYSE: CHK) and Anadarko Petroleum Corp., The Woodlands, Texas, (NYSE: APC) have entered a joint ...
Eagle Rock To Acquire Companies And Assets
Eagle Rock Energy Partners LP, Houston, (Nasdaq: EROC) plans to acquire Houston-based Escambia Asset Co. LLC and privately held Houston-based ...
Legacy Reserves To Acquire Permian Assets
Legacy Reserves LP, Midland, Texas, (Nasdaq: LGCY) plans to acquire certain producing properties in the Permian Basin from undisclosed private ...
PrimeWest Completes Merger With Shiningbank
PrimeWest Energy Trust, Calgary, (Toronto: PWI-UN; NYSE: PWI) has acquired Shiningbank Energy Income Fund, Calgary, (Toronto: SHN-UN) in a unit ...
Universal LP Acquires Compression From Parent
Universal Compression Partners LP, Houston, (Nasdaq: UCLP) has acquired a fleet of compressor units and customer contracts from Universal Compression ...
Berligen Resigns As Chairman, President, CEO Of Rosetta
Bill Berilgen has resigned as chairman, president and chief executive of Rosetta Resources, Houston (Nasdaq: ROSE). Charles Chambers has been named ...
Advantage Energy Income To Acquire Sound Energy Trust
Advantage Energy Income Fund, Calgary, (Toronto: AVN-UN; NYSE: AAV) plans to acquire Sound Energy Trust, Calgary, (Toronto: SND-UN) in a ...
Rio Vista Plans To Acquire Assets Of Northport
Rio Vista Energy Partners LP, Houston, (Nasdaq: RVEP) plans to acquire substantially all of the assets of privately held, Oklahoma ...
ENI Closes Deal For Dominion's Offshore E&P
ENI Petroleum Co. Inc., a subsidiary of ENI SpA, Rome, (NYSE: E) has closed its acquisition of the offshore E&P ...
Linn To Acquire Midcontinent Assets From Dominion
Linn Energy LLC, Houston, (Nasdaq: LINE) plans to acquire certain properties in the Midcontinent from Dominion Resources Inc., Richmond, Va., ... COMPANIES IN THIS ISSUE
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