Oil and Gas Investor Magazine - May 2005 May 1, 2005 Feature HARTSHORNE HORIZONTALS Peggy Williams KANSAS Nissa Darbonne MEDICINE BOW Leslie Haines SIMPSON'S SUCCESS Other ULTRA-DEEP ULTRA-EXCITING Peggy Williams UP, UP AND AWAY - MAYBE Brian Toal Companies in This Issue Companies in This Issue Company Briefs Additional briefs M&A news... Petrohawk takes deals to >$1B with Mission A&D Watch XEC will reassume low-debt profile Nissa Darbonne XTO to speed up acquisition efforts Leslie Haines Completions $12 - X = $13.64 Nissa Darbonne E&P Momentum WAVES OF CHANGE Peggy Williams Exploration Highlights EASTERN U.S. GULF COAST INTERNATIONAL HIGHLIGHTS Peggy Williams MIDCONTINENT & PERMIAN BASIN WESTERN U.S. From the Editor-in-Chief THIS JUST IN... Leslie Haines New Financings New Financings - Equity/Debt table NewsWell BG wants firm markets before builidng assets Bertie Taylor Canadian banks take I-banking lead in Calgary Oil and Gas Investor This Week Deja vu? Producers are guaranteeing their rig availability A&D Watch E&P stocks splitting on new highs Leslie Haines Energy future depends on the unconventional Taryn Maxwell Gas supply adequate now, but 2006 to be very tight Leslie Haines Many energy buysiders at Howard Weil were stuck on Hold Leslie Haines Market tentative to laud ChevronTexaco bid for Unocal Bertie Taylor Most integrateds' output continued to decline through 4Q Bertie Taylor Permian operators considering bypassed pay, deeper gas Leslie Haines Stock-buyers putting permium on unconventional plays Bertie Taylor SWN focus is foremost on higher NAV/share Nissa Darbonne U.S. independents' profiles have changed significantly Don Lyle World energy outlook tilting to favor gas more than oil Brian Toal On the Money A CAUTIOUS GATHERING Brian Toal Trends & Analysis F&D Costs Leslie Haines