Oil and Gas Investor Magazine - September 2007 September 1, 2007 Feature BANKING UP Jeannie Stell CONASAUGA SAGA Peggy Williams COUNTRY RISK: YES OR NO? Stephen Molina DRILLING INTO ESTATE PLANNING Larry Brummond GOALS James R. Ball PERMANENT PERMIAN Taryn Maxwell SIMPLY RED Leslie Haines SOUTHERN CALIFORNIA Brian A. Toal STAYING IN THE ZONE Rhonda Duey STORING UP Jeannie Stell TRISTONE CAPITAL'S ENERGY LENDER PRICE SURVEY Headlines Abu Dhabi Strikes Again; To Grab Canada's PrimeWest For C$5B Addax Acquires Gulf Of Guinea Interest For US$77.6MM Aurora May Put Its Shale For Sale Birchcliff To Acquire Peace River Assets From Compton Breitburn To Acquire Quicksilver's Illinois, Michigan Basin Assets Canadian Trusts Penn West, Vault To Combine In C$380MM Deal Capricorn To Acquire Plectrum And MedOil Compton To Buy Win Energy Crescent Point To Acquire Innova Devon To Divest Canadian Oil-Sands Property El Paso Gets Peoples, Gains 305 Bcfe EnCana To Sell Brazil Assets For US$165 Million Equitable Buys 13 Bcfe/Proved From Penn Virginia GE Energy To Acquire Sondex Harken's GED Target Of Takeover Jackson Resigns From Noble Corp. Japanese Company Buys Onshore U.S. Key Energy To Acquire Moncla Cos. Legacy Acquires Permian Basin Assets Legacy To Acquire Texas Panhandle Assets Linn Names Burlington's Joe McCoy To Its Board Newfield Divests More, Lands Midcon Buyers For $56MM Newfield Exiting North Sea In Centrica Sale Spinnaker's Jarvis Et Al. Launch Common Resources Standard Chartered To Acquire Harrison Lovegrove Swift To Acquire South Texas Fields From Escondido Teton Trades Delta For Piceance Plus $33MM Cash Ultra Exits China, Sells Bohai Bay Assets For US$223MM Woodside Sells Mauritanian Assets To Petronas For US$418MM Company Briefs Additional news GlobalSantaFe, Transocean to combine in $53B deal M&A News Marathon pushes into oil sands with C$6.5B bid Plains to buy Pogo, plans upstream MLP Completions MLP UPDATE Nissa Darbonne,Executive Editor E&P Momentum FIGURING OUT THE FLOYD Peggy Williams, Senior Exploration Editor Editors Comment Arctic Nations In Frigid Stand-Off At North Pole Peggy Williams Canadian Financings Increase 40% In First-Half 2007 Taryn Maxwell Conasauga Saga Peggy Williams Figuring Out The Floyd Peggy Williams Foutch Reenters With $800MM Of Powder; Other Start-Ups Formed Stephen Payne Gassy Stocks Risky? Brian A. Toal IEA, OPEC At Odds: OPEC Says $65 Oil; IEA Says $80 Brian A. Toal Nome Cites What Could Go Wrong With E&P MLPs Jeannie Stell Producers Sending Exploration Teams To East Africa Don Lyle S&P Eyes Favorable Rating Trends For Energy Sector Brian A. Toal Southern California Brian A. Toal Standard & Poor's Says Cheap Capital May Be Ending Jeannie Stell Staying In The Zone Rhonda Duey Stewart, Warburg Form Sheridan With $1.3B To Invest Stephen Payne Storing Up Jeannie Stell Survey: View Mixed On Upstream MLPs; Shale Gas Still Hot Nissa Darbonne The Party's Not Over Leslie Haines Wetmore: Funding Trending To Organic Growth, Away From M&A Jeannie Stell Exploration Highlights EASTERN U.S. Peggy Williams GULF COAST Peggy Williams INTERNATIONAL Peggy Williams MIDCONTINENT & PERMIAN BASIN Peggy Williams WESTERN U.S. Peggy Williams From the Editor-in-Chief THE PARTY'S NOT OVER Leslie Haines NewsWell $65 or $90 oil? OPEC and IEA forecasts disagree Brian A. Toal Arctic nations in frigid stand-off at North Pole Peggy Williams Canadian financings increase 40% in first-half 2007 Taryn Maxwell EIA: Natural gas consumption up 4%;but onshore output up only 1.6% Jeannie Stell Field-growth trend suggests 1 trillion new barrels by 2076 Don Lyle Foutch reenters with $800MM of powder; other start-ups formed Stephen Payne Incremental changes in supply, demand causing energy-price volatility Jeannie Stell Kipp: Covenants may tighten, but debt still available Leslie Haines Nome cites what could go wrong with E&P MLPs Jeannie Stell NPC: U.S. energy independence unnecessary Jeannie Stell Producers sending exploration teams to East Africa Don Lyle S&P eyes favorable rating trends for energy sector Brian A. Toal Sowood hedge-fund implosion doesn't affect Denham Leslie Haines Standard & Poor's says cheap capital may be ending Jeannie Stell Stewart, Warburg form Sheridan with $1.3B to invest Stephen Payne Survey: View mixed on upstream MLPs; shale gas still hot Nissa Darbonne Upstream MLPs' unit prices mostly rebound from big hit Nissa Darbonne Wetmore: Funding trending to organic growth, away from M&A Jeannie Stell On the Money GASSY STOCKS Brian A. Toal, Senior Financial Editor Trends & Analysis CO2 Sequestration Jeannie Stell