Oil and Gas Investor Magazine - May 2007 May 1, 2007 Feature CAPITAL ATTENTION TAKES NOTICE OF MIDSTREAM Brian A. Toal INDIA OFFERING EXPLORATION SUCCESS TO WESTERN PRODUCERS Peggy Willliams KEY PERFORMANCE INDICATORS Rick Slack Scotia Waterous' Regional Spotlight Shaun Finnie, Adrian Goodisman, Steve Pugh, and Curtis Newstrom ST. MARY'S BEST Taryn Maxwell WILLIAMS PUMPS UP VOLUME IN SAN JUAN Leslie Haines ZION OIL & GAS TRIES THE STAGED IPO Kelly Gilleland Headlines Abu Dhabi National Energy To Acquire Northrock Resources From Pogo Atlas Plans To Acquire DTE's Oil And Gas Assets For $1.23B BP CEO Browne Resigns BreitBurn Acquires Florida Assets From Calumet BreitBurn To Acquire Florida Assets From Calumet Continental Resources Prices IPO At $15/Share Dune Closes Acquisition Of Goldking DXP Enterprises To Acquire Delta Process Eagle Rock Closes Acquisition Of Assets From Montierra Encore To Sell Midcontinent Assets Exco Closes Acquisition With Anadarko, Sells Some Assets To Crimson GE Partners With Two Operators To Acquire Texas And Oklahoma Assets Gentry Acquires Assets In Alberta Ichan Acquires Small Stake In Anadarko Jed To Sell Its North Ferrier Assets Leor Invests In Navasota/East Texas Leasehold Mitsubishi And Nippon Close K2 Acquisition From Anadarko Mitsubishi And Nippon Oil To Acquire K2 Interest From Anadarko Newfield To Acquire Most Of Stone's Rockies Assets Occidental Announces Asset Exchange With BP Occidental To Acquire Anadarko's Qatar Subsidiary Pacific Energy To Acquire Forest's Alaska Assets Paramount And Baytex To Buy Dominion's Canadian E&P Assets Petrowest Closes Acquisition Of Service Companies Pinnacle Gas Prices IPO At $9/Share Plains Closes Acquisition Of Colorado Assets From Laramie PrimeWest To Merge With Shiningbank Provident To Acquire Capitol Energy Resources Ram Closes Acquisition Of New Mexico And Texas Assets Rosneft Acquires Last Production Assets Of Yukos SSAB To Acquire Ipsco For US$7.7 Billion Talisman Names Manzoni President And CEO Tenaris Closes Acquisition Of Hydril Vermillion To Acquire Wandoo Field Company Briefs Additional News Lone Star going to U.S. Steel for $2.1B Memorium Completions HOLA, G'DAY, KONNICHIWA! Nissa Darbonne, Executive Editor E&P Momentum SIX EXPLORATION TRENDS Peggy Williams Editors Comment Acquisitions Closing Quietly In Canada Taryn Maxwell Analyst Sees Trend Toward Upstream MLPs Accelerating Brian A. Toal Best Field Rejuvenation Leslie Haines Cycle Still Has Legs Brian A. Toal Economist Expects Worldwide Recession By End Of 2008 Leslie Haines Hedberg Group Estimates Peak Oil Production During 2020-30 Peggy Williams Hola, G'Day, Konnichiwa! Nissa Darbonne India Peggy Williams Investors See Stock-Buying Opportunities, Yet Face Dilemma Brian A. Toal IPAA's Linn Warns Congress Making Folly In Energy Policy Leslie Haines Key Performance Indicators Rick Slack Mexico's Oil Industry "In Real Crisis," Former Ambassador Says Stephen Payne Midcontinent Shaun Finnie, Adrian Goodisman, Steve Pugh and Curtis Newstrom Permian Basin Will Be A Hotbed Of M&A Activity Leslie Haines Plains Chief: Midstream Will Be More Important As Supplies Tighten Leslie Haines The Staged IPO Kelly Gilleland Exploration Highlights EASTERN U.S. GULF COAST INTERNATIONAL HIGHLIGHTS Peggy Williams MIDCONTINENT & PERMIAN BASIN WESTERN U.S. From the Editor-in-Chief CHICKEN, CORN AND COFFEE Leslie Haines New Financings New Financings NewsWell Acquisitions closing quietly in Canada, trusts still active Taryn Maxwell Analyst sees trend toward upstream MLPs accelerating Brian A. Toal Economist expects worldwide recession by end of 2008 Leslie Haines Hedberg group expects oil production to plateau by 2020-30 Peggy Williams Investors see stock-buying opportunities, yet face dilemna Brian A. Toal IPAA's Linn warns Congress making folly in energy policy Leslie Haines Legacy chief: Today's E&P MLPs won't repeat mistakes of the 1980s Leslie Haines Mexico's oil industry "in real crisis," former ambassador says Stephen Payne Oil, gas reserve buyers generally outperforming reserve finders Leslie Haines Over-capitalized industry expect more M&A swaps, concentration Oil and Gas Investor This Week Past two winters were 'miserable,' says EOG's Papa Taryn Maxwell Permian Basin will be a hotbed of M&A activity Leslie Haines Plains chief: Midstream will be more important as supplies tighten Leslie Haines Russian oil, gas reserves too big to ignore Stephen Payne SPE, AAPG, WPC issue new definitions of oil, gas reserves Oil and Gas Investor This Week Uintah County leading Utah in employment: 98.1% Leslie Haines On the Money CYCLE STILL HAS LEGS Brian A. Toal, Senior Financial Editor Trends & Analysis FINDING AND KEEPING TALENT Richard Preng and Eric Nielsen, Korn/Ferry International