Oil and Gas Investor Magazine - February 2007 February 1, 2007 Feature CONTENT CUSTOMERS/HOT STOCK PRICES Doug Sheridan GAS PROCESSING John Hart INTEREST GROWS IN THE GULF OF MEXICO Leslie Haines MEZZ MONEY REMAINS A HIT Bertie Taylor SCOTIA WATEROUS' REGIONAL SPOTLIGHT Shaun Finnie, Adrian Goodisman, Steve Pugh, and Curtis Newstrom SEEKING TWO TRILLION BARRELS Peggy Williams SERVICE STOCKS Brain A. Toal SOUTHWESTERN'S KORELL NAMED EXECUTIVE OF THE YEAR Taryn Maxwell Headlines DTE To Divest A Portion Of Its Gas Assets Edge Acquires Texas Assets From Smith Exco To Buy Texas And Midcontinent Assets From Anadarko JK Acquisition, Multi-Shot Amend Merger Linn Closes Texas And West Virginia Acquisitions Penn West To Acquire Assets In Alberta Petro Resources Closes Williston Basin Acquisition Petroleum Development Acquires Colorado Assets Pogo Producing To Possibly Sell Company PYR Energy To Seek Strategic Alternatives For Company Range Closes Sale Of Austin Chalk Properties Santos Cancels Bid For Queensland Gas Santos Increases Offer For Queensland Gas Tenaris To Acquire Hydril For US$2.16 Billion Tudor Capital And Pickering Energy To Form Investment And Banking Boutique TXCO Plans To Acquire Output Exploration ValueAct Capital Acquires Seitel Venoco Acquires California Assets WPS Resources And Peoples Energy Close Merger Company Briefs Additional News CGG, Veritas close $3-billion seismic merger Exco to take Anadarko's North Louisiana package Forest to buy THX, divest Alaska unit Statoil, Norsk Hydro deal boosts Gulf profile Stone to focus exploration dollars on Bohai Bay U.S. M&A news Completions THE PLAYER Nissa Darbonne, Executive Editor E&P Momentum BAKKEN BILLIONS Peggy Williams Editors Comment 2006 Stock-Performance Review Bertie Taylor AIM-Listed Energy Stocks Declined, On Average, Exiting 2006 Bertie Taylor Bakken Billions Peggy Williams Consumers Could Pay Higher Oil, Gas Prices Stephen Payne Customers And Stock Price Doug Sheridan E&P Start-Ups To Continue In 2007; Some To Consolidate Bertie Taylor Gas Processing John Hart Global E&P Capex To Grow Modestly In 2007, Upstream Surveys Find Brian A. Toal Gulf Of Mexico Leslie Haines Institutional Interest In Commodities To Grow In 2007-08 Bertie Taylor More E&P, Service Companies On Way To Public Listing In 2007 Bertie Taylor Oil, Gas Credit Ratings Should Remain Strong, Despite Softer Prices Bertie Taylor Oil-Service Credit Strength Exposed To Softer Gas Prices Bertie Taylor R&D Under Fire Leslie Haines S&P Sees Aggressive Acquisitions Market; Strong Credit Quality Taryn Maxwell Scotia Waterous' Regional Spotlight Shaun Finnie, Adrian Goodisman, Steve Pugh and Curtis Newstrom The Next Two Trillion Barrels Peggy Williams The Player Nissa Darbonne Exploration Highlights EASTERN U.S. GULF COAST INTERNATIONAL HIGHLIGHTS MIDCONTINENT & PERMIAN BASIN WESTERN U.S. From the Editor-in-Chief R&D under fire Leslie Haines New Financings New Financings A&D Watch NewsWell AIM-listed energy stocks declined, on average, exiting 2006 Bertie Taylor Consumers could pay higher oil, gas prices Stephen Payne E&P start-ups to continue in 2007; some to consolidate Bertie Taylor First energy bill of new Congress ups oil, gas taxes Oil and Gas Investor This Week Global E&P capex to grow modestly in 2007, upstream surveys find Brian A. Toal Great Western Drilling celebrates 70th year, numerous firsts Oil and Gas Investor This Week Institutional interest in commodities to grow in 2007-08 Bertie Taylor Microhole coiled-tubing tested cheaper, faster for Niobrara gas wells Oil and Gas Investor This Week MMS paid record $2.2 billion to states in FY2006 Oil and Gas Investor This Week More E&P, service companies on way to public listing in 2007 Bertie Taylor Oil, gas credit ratings should remain strong, despite softer prices Bertie Taylor Oil-service credit strength exposed to softer gas prices Bertie Taylor S&P sees aggressive acquisitions market; strong credit quality Taryn Maxwell VC investing should be strong in 2007; exits to include IPOs Oil and Gas Investor This Week On the Money BUYER BEWARE Trends & Analysis 2006 STOCK PERFORMANCE REVIEW
