Oil and Gas Investor Magazine - January 2006 January 1, 2006 Feature Choosing an International Strategy Other Downspacing for Gas Leslie Haines Far West Texas Peggy Williams Financial Due Diligence Other Gas Transition Other Mezzanine Money Brian Toal Midstream Marriages Other Step Change Bertie Taylor Stranded No More Leslie Haines Headlines Allis-Chalmers Completes Acquisition Of Specialty Rental Tools Apache To Buy Argentina Assets From Pioneer Azura Energy Systems Formed Berry To Buy Piceance Basin Interests Cal Dive To Acquire Remington Oil And Gas Canaan Resources Formed Chesapeake To Acquire Properties From Seven Private Companies Chesapeake To Buy 13 Rigs CNOOC To Buy 45% Interest In Deepwater Nigeria License Cooper Cameron Acquires Brazilian Valve Business Crescent Point Closes Acquisition Of Saskatchewan Assets Delta To Sell Certain Columbia River Basin Interests Gemini Energy Buys Shares Of Exxel Energy High Arctic Energy Services Trust To Buy Kamber Well Service Ltd. Monterey Exploration Acquires Production From Pengrowth NGas Resources Acquires Arkoma Basin CBM Asset Occidental Closes Acquisition Of Vintage Petroleum Parallel Petroleum Completes Harris San Andres Acquisitions Pent Energy Closes Oklahoma Acquisitions Platinum Energy Resources To Buy Tandem Energy Holdings Repsol Reports Reserve Reduction of 25% Riata Energy Files S-1 For IPO Shell Acquires South Texas Interests Triton American Well Services Formed W&T Offshore To Acquire GOM Assets From Kerr-McGee Companies in This Issue Companies in This Issue Other Company Briefs Additional news Other Hallead: PTEN falls too low on embezzlement news Bertie Taylor In Memoriam Other M&A news Other Mariner's Josey talks about Enron, Forest deal Taryn Maxwell Stewart: El Paso slowly rounding the corner Bertie Taylor Stone review suggests aggressive reserve-booking Bertie Taylor Completions Finding VS. Buying Nissa Darbonne E&P Momentum The Wolfcamp Peggy Williams Editors Comment 2006 Capex Bertie Taylor Downspacing For Gas Leslie Haines Finding Vs. Buying Nissa Darbonne Mezzanine Money Brian A. Toal Midstream Marriages Gary Clouser PwC: Less Volatility In Commodity Prices Would Spur M&A Taryn Maxwell Stranded No More Leslie Haines The Wolfcamp Peggy Williams Windfall Battle Over? Brian A. Toal Exploration Highlights Eastern U.S. Other Gulf Coast Other International Highlights Peggy Williams Midcontinent & Permian Basin Other Western U.S. Other From the Editor-in-Chief Hop on the Rocket Leslie Haines New Financings New Financings NewsWell 2010 gas price consensus grows to $6.40 per MMBtu Joe Fisher Africa's production to grow significantly through the decade Peggy Williams Allman: Stronger E&P stock prices still look cheap Leslie Haines Angola gets transparent in bid round Don Lyle Basis blowout could persist, but record gas prices expected Brian Toal BLM director: Agency juggling more goals, tasks than ever Leslie Haines Canadian deals increasingly for stock, than for cash Bertie Taylor Cato Institute says shut down Strategic Petroleum Reserve Leslie Haines CERA: LNG growth expected no matter trade environment Joe Fisher CERA: The world has plenty of oil - for now Bertie Taylor Deloitte: Half of G&G personnel may retire by 2010 Bertie Taylor ExxonMobil, Statoil execs debate roles of supermajors, NOCs Taryn Maxwell Florida-business owners support expanded Eastern Gulf E&P Bertie Taylor Graves: One dry hole doesn't destroy Toreador's potential Leslie Haines IEA increases 2006 world oil-demand forecast Leslie Haines Independents' revenues strong through 3Q, despite hurricanes Bertie Taylor Independents' success modest at boosting U.S. gas output Joe Fisher IOGCC details oil, gas production data from nation's stripper wells Leslie Haines London's AIM offers higher-risk investment appetite Bertie Taylor Majors' results were mixed bag in third quarter Bertie Taylor Mike, can I jave a T? Other New Canadian gas potential huge from Mackenzie, offshore B.C. Bertie Taylor North Sea headed for its biggest ever production drop Brian Toal Producers make exit plans of secret today Other PwC: Less volatility in commodity prices would spur M&A Taryn Maxwell S&P expects lower U.S. energy demand in 2006 Bertie Taylor S&P: Oil sands business challenging, but rewards worthwhile Taryn Maxwell Service supply firms continue their revenue winning streak Bertie Taylor Service-side capacity restraints require advanced well planning Leslie Haines On the Money Windfall Battle over? Brian Toal