Oil and Gas Investor Magazine - September 2005 September 1, 2005 Feature CANADA'S IN-SITU OIL SANDS Peggy Williams CANADIAN M&A Nissa Darbonne FULL OF ENERGY Leslie Haines HARVESTING THE SACRAMENTO Brian Toal OUT OF THE WOODS Brian Toal RECONCILABLE DIFFERENCES Other Headlines Bronco Drilling To Acquire Rigs From Thomas Drilling Co. Other Cooper Cameron To Buy Flow Control Businesses Other Deep Resources Closes Dragonheart Acquisition Dresser To Sell Instruments Division Other E.on To Buy Caledonia Oil And Gas El Paso Closes Medicine Bow Acquisition For US$834MM Other EnCana Oil & Gas To Purchase Properties From The Exploration Co. Enerplus To Buy Sleeping Giant LLC ENI SpA Acquires Alaskan Assets From Armstrong Oil & Gas Other Guggenheim Partners To Open Houston Office Houston Exploration Enters Joint Venture With Enduring Resources Other Houston-based Mariner Energy Inc Management Approves Gazprom's Purchase Of Controlling Stake In Sibneft Norsk Hydro To Buy Spinnaker Exploration Pioneer Natural ResourcesTo Exit The Gulf Other Pogo Closes Northrock Purchase Prairie Schooner Closes Acquisition Prairie Schooner To Acquire Private Company none Precision Drilling To Reorganize Into Trust Other Royal Dutch Shell To Become Shell Petroleum NV Swift Energy To Buy Lousiana Interests Synenco Files For IPO TXOK Closes Acquisition Of Properties From Oneok Weatherford Completes Purchase Of Precision Drilling Assets Other Welton Energy Acquires Era Oil & Gas Other Companies in This Issue Companies in this Issue Other Company Briefs Additional news Other Chevron wins UCL in revised bid Other M&A news Other Completions Capitalism Nissa Darbonne E&P Momentum OIL-SANDS MINING Peggy Williams Editors Comment Canadian Royalty Trusts Are Changing Their Tune? Leslie Haines Despite Increased Rig Count, Gas Supply Still Trending Down Brian A. Toal Energy Policy Act of 2005 Gets Mixed Reviews From Industry, Opponents Bertie Taylor and Leslie Haines Hot Topics: Gas Reserves, Growth Prospects, Stock Prices Leslie Haines MLPs: Strong Total-Return Performance Through Early Summer Brian A. Toal OIL-SANDS MINING Peggy Williams Producers Ordering Chinese Rigs To Drill Rockies Wells Peggy Williams Exploration Highlights Eastern U.S. Other Gulf Coast Other International Highlights Other Midcontinent & Permian Basin Other Western U.S. Other From the Editor-in-Chief THIS PUD'S FOR YOU Leslie Haines New Financings Equity Other NewsWell Bronco, Superior join club of upstream IPOs Other Canadian royalty trusts are changing their tune? Leslie Haines Despite increased rig count, gas supply still trending down Brian Toal Devon hits 1 Tcf of production from Barnett Shale Other Energy Policy Act gets mixed reviews from industry, opponents Hot topics: Prices, gas reserves, growth prospects Leslie Haines Hurricane season puts E&P analysts on edge Bertie Taylor IEA revises outlook for non-OPEC supply growth Other IHS Energy reviews world reserve adds, U.S. hot spots Other Jefferies' Tameron: Buy Barrett, Chesapeake and Forest Leslie Haines Littell: World oil production will peak soon Leslie Haines Mackay: Offshore capex to slow in 2009, as opex grows Other MLPs: Strong total return performance through early summer Brian Toal NARO celebrates 25th year of representing royalty owners Leslie Haines Nome: Larger caps outperforming their smaller-cap peers Other Producers ordering Chinese rigs to drill Rockies wells Peggy Williams PwC: Commodity prices eroding economic optimism Bertie Taylor Rockies basins come into their own as best U.S. gas supply hope Leslie Haines On the Money NEW PRICING PLATEAU Brian Toal Trends & Analysis GLOBAL M&A Nissa Darbonne