Oil and Gas Investor Magazine - July 2007 July 1, 2007 Feature ANALYSIS: BP, XOM SPENDING LESS THAN CVX, RDS Derek Butter Changing U.S. Energy policy Michael J. McAdams DENHAM, BSI, RIVINGTON TALK STRATEGY Brian A. Toal FROM RUSSIA, WITH REGRET Stephen Payne JUST ADD ETHANOL Tammy Klein ROYALTY BUYERS WANT YOUR ASSETS Ellen Chang TAKE A LOOK AT THESE SHALES Peggy Williams TRISTONE CAPITAL'S PUBLIC MARKETS OVERVIEW Larry Busnardo, Joe Magner, and Waqar Syed UNION, PIONEER GROWING ONSHORE U.S. Brian A. Toal Headlines Abraxas MLP Files IPO Advantage Energy Income To Acquire Sound Energy Trust Berligen Resigns As Chairman, President, CEO Of Rosetta Chesapeake, Anadarko Enter West Texas JV Constellation Closes Acquisition Of Amvest Osage Constellation To Acquire Amvest Osage Contango Names Berilgen To Its Board Cordillera Et Al. Sell North Dakota Assets Devon To IPO MLP Of Marketing, Midstream Assets Eagle Rock To Acquire Companies And Assets ENI Closes Deal For Dominion's Offshore E&P EV Energy To Buy Permian Assets From Plantation GlobalSantaFe And Transocean To Combine Hercules Closes Acquisition Of Todco IPR To Acquire Santos' U.S. Assets JKX To Acquire Russian Gas Field Legacy Reserves To Acquire Permian Assets Linn To Acquire Midcontinent Assets From Dominion Loews And XTO Close Acquisitions From Dominion Marathon To Acquire Western Oil Sands For US$6.2 Billion Oil States To Acquire Assets Of Schooner Pioneer Files To IPO Permian MLP Pioneer To Acquire Raton Interest From Petrogulf Plains To Acquire Pogo For $3.6 Billion PrimeWest Completes Merger With Shiningbank Quest Energy MLP Files IPO Rio Vista Plans To Acquire Assets Of Northport Titan Closes Alberta/Saskatchewan Swap Universal LP Acquires Compression From Parent Williams To Form MLP For Certain Midstream Assets Company Briefs Additional news... Exco, Crimson swing $860MM Anadarko deal Leor, Navasota, Chesapeake up Texas stakes via Gastar Loews, XTO bid $6.5B for Dominion packages M&A news... Newfield to expand in Rockies with Stone package Pacific Energy to take all of Forest's Alaskan assets Completions GOT MLP? Nissa Darbonne, Executive Editor E&P Momentum GREEN RIVER OIL SHALE Peggy Williams, Senior Exploration Editor Editors Comment Black Pool Managed Investor Relations Through Two Dry Holes, Then Third Taryn Maxwell Caution Flag Out, New Direction Sought By Disciplined Private-Capital Providers Leslie Haines Deep Gulf Operator Advises Capital-Seekers To Know The Exit Plan Before Entering Stephen Payne Fitch: Drillers Have Elevated Exposure As LBO Candidates Leslie Haines Gas-Price Outlook Bullish; LNG Creates New Ceiling; MLPs May Become Tsunami Leslie Haines Got MLP? Nissa Darbonne Green River Oil Shale Peggy Williams Judgment Calls Leslie Haines Land Drillers Brian A. Toal New Nasdaq Private Platform To Offer 144A Securities Trading Nissa Darbonne North American M&A Deal-Making May Hit $30 Billion This Year Nissa Darbonne Pickering Calls MLPs 'Magic Little Pills;' West Texas Barnett A Bust Jeannie Stell Standard & Poor's Finishes PIM Risk-Management Review Brian A. Toal Stealth Shales Peggy Williams Three Roads To Capital Brian A. Toal Tighter Supply Brian A. Toal Exploration Highlights EASTERN U.S. GULF COAST INTERNATIONAL HIGHLIGHTS Peggy Williams MIDCONTINENT & PERMIAN BASIN WESTERN U.S. From the Editor-in-Chief JUDGMENT CALLS Leslie Haines NewsWell Black Pool managed investor relations through thick and thin Taryn Maxwell Caution flag out, new direction sought by private capital sources Leslie Haines Deep Gulf: Know your exit plan, capital partner Stephen Payne DOE: Success at Wilmington Field has global implications Oil and Gas Investor This Week Fitch: Drillers have elevated exposure as LBO candidates Leslie Haines Gas-price outlook bullish; but LNG creates new ceiling Leslie Haines New Nasdaq private platform to offer 144A securities trading Nissa Darbonne North American M&A deal-making may hit $30 billion this year Nissa Darbonne Operators to spud at least 52 wells in North Sea this year Peggy Williams Pickering calls MLPs magic little pills;' is still bullish on gas Jeannie Stell Quantum Resources wins six deals despite MLP bids Taryn Maxwell Social, environmental resolutions ahead of 2006 proxy results Oil and Gas Investor This Week Standard & Poor's finishes PIM risk-management review Brian A. Toal Weatherford's CEO predicts growth from Eastern Hemisphere Leslie Haines On the Money TIGHTER SUPPLY Brian A. Toal, Senior Financial Editor Trends & Analysis 2007 Capex Jeannie Stell