Oil and Gas Investor Magazine - January 2002 January 1, 2002 Feature A GROWTH STORY Nissa Darbonne FLAT PRODUCTION, OR MORE? Other INVESTING ON THE HUBBERT CURVE Other MAKING MORE OF PUDS Other NORWAY Peggy Williams SPIRIT TO TAKE ON THE WORLD Other SYNTHETIC EXXONMOBIL Other VALUING STOCKS IN VOLATILE TIMES Other WHICH WAY TO MARKET? Brian Toal Company Briefs Additional briefs... Other Canadian news... Other ConocoPhillips will be the newest supermajor Other International news... Other PGS, Veritas will make No. 2 seismic firm Other Completions Pardon me, would you waive my tax penalties? Nissa Darbonne Exploration Highlights GULF COAST Other INTERNATIONAL HIGHLIGHTS Peggy Williams MIDCONTINENT & PERMIAN BASIN Other NORTHEAST/SOUTHEAST Other WESTERN U.S. Other From the Editor-in-Chief All the king's horses, all the king's men Leslie Haines New Financings Equity/Debt Table Other NewsWell Depressed commodity prices will result in lower capex in 2002 Other E&P executives expect economic recovery, volatile prices Other Enron's collapse will result in greater disclosure Other First Reserve has more funds for other energy businesses Nissa Darbonne Reduced drilling will help gas prices this year and after Other Rogue financing led to Enron's collapse says analyst Olson Leslie Haines Shallow-water Gulf rig use declines; grows in deep water Other Two groups forecast Canadian drilling to decline in 2002 Other On the Money North Sea Zenith Peggy Williams Trends & Analysis A Major E&P Capital Provider, Enron Is Busy With Its Own Finances NISSA DARBONNE