Oil and Gas Investor Magazine - December 2007 December 1, 2007 Feature 3-D MODELING FOR ALL Susan Morgan, senior vice president of marketing; Stanislas Jayr, project manage APPALACHIAN TRANSFER Jeannie Stell ASSESSING THE COMPANY RISK Alyssa G. Martin BACK IN THE SADDLE Stephen Payne DOORS TO CAPITAL Brian A. Toal INVESTING IN A PEAK-OIL WORLD Leslie Haines MLP TECHNICAL DIFFICULTIES Yves Siegel and Michael Blum NEVADA OIL Gary Clouser THE PROVED R/P REPORT Charlie Lapeyre (214-987-6123) and B.J. Brandenberger (214-987-6145), Energy Spe TRISTONE CAPITAL'S ENERGY LENDER PRICE SURVEY STAFF Headlines Abraxas MLP To Buy 82% PDP From St. Mary For $140MM Arena Picks Up 5,000 Acres In Permian For $49MM Canadian Trusts Enerplus, Focus To Merge In C$1.7B Deal DCP Midstream Partners to Present at Wachovia's 2007 Pipeline and MLP Conference Ellis Steps Up As Linn Energy President First Reserve To Buy Abbot Group For $1.8B Halliburton's COO Lane To Retire Indigo To Pay $61MM To Callon For 420BOE/d Linn To Buy Midcontinent Assets From Lamamco For $552MM National Oilwell Varco To Buy Grant Prideco In $7.4B Deal Permian Wolfcamp Interests To Go For $170MM Petrohawk Wins Offer For 83 Bcfe In North LA For $169MM Plains To Sell 16,500 BOE/d To Occidental, XTO For $1.75B Range Is Buyer Of DTE, Other Barnett Package For $305MM; To Divest Noncore In 2008 TECO Energy Closes Sale to Greenstreet Equity Partners, L.P. TXCO Offering San Miguel Tar Sands Properties In S. TX World Fuel Services Corporation Completes Acquisition of AVCARD Company Briefs Additional News EnCana to pay $2.55B for Leor, Amoruso Field Staff IN MEMORIAM Milagro to pay $825MM for Petrohawk Gulf Coast Completions $108/PROVED BOE Nissa Darbonne E&P Momentum SLATER DOME Peggy Williams Editors Comment Business Group Takes Issue With Gore Prize Oil and Gas Investor This Week Canadian M&A Surviving Trust Tax Treatment Steve Toon Forest Portfolio Now Fits Better In PowerPoint Show Steve Toon Investing in a Peak-Oil World Leslie Haines MLPs, Unconventional Investments Will Grow, According to E&Y Poll Jeannie Stell Nevada Oil Gary Clouser, Guest Editor Oil-Service, Refining MLPs Being Considered Jeannie Stell Oilfield-Services Riding Strong Credit Outlook Steve Toon S & P Expects Dramatic Decline In Broad Loan Activity in 2008 Jeannie Stell S&P Expects Dramatic Decline In Broad Loan Activity in 2008 Jeannie Stell S&P: Upstream MLP Parents Less Likely To Abandon Midstream Steve Toon Shale-Gas Plays In Canadian Maritimes Next On Radar Screen Brian A. Toal SPE: Meidan Base Pay For Member Engineers Now $118,250 Leslie Haines UK Shelf Shows 34B Barrels Done, 25B To Go Jeannie Stell Vicente Fox Says Foreign Investment Needed in Pemex Stephen Payne WoodMac: Tupi May Be One Of Most Significant Oil Finds In 20 Years Oil and Gas Investor Ziff: Domestic, Candian Gas Supply Will Decline Jeannie Stell Exploration Highlights EASTERN U.S. Staff GULF COAST Staff INTERNATIONAL HIGHLIGHTS Peggy Williams MIDCONTINENT & PERMIAN BASIN Staff WESTERN U.S. Staff From the Editor-in-Chief WRAPPING UP 2007 Leslie Haines NewsWell BUSINESS GROUP TAKES ISSUE WITH GORE PRIZE Oil and Gas Investor This Week CANADIAN M&A SURVIVING TRUST TAX TREATMENT Steve Toon FOREST PORTFOLIO NOW FITS BETTER IN POWERPOINT SHOW Steve Toon MLPs, unconventional investments will grow, according to E&Y poll Jeannie Stell OIL-SERVICE, REFINING MLPS BEING CONSIDERED Jeannie Shell OILFIELD-SERVICES RIDING STRONG CREDIT OUTLOOK Steve Toon S & P: UPSTREAM MLP PARENTS LESS LIKELY TO ABANDON MIDSTREAM Steve Toon S&P EXPECTS DRAMATIC DECLINE IN BROAD LOAN ACTIVITY IN 2008 Jeannie Stell SHALE-GAS PLAYS IN CANADIAN MARITIMES NEXT ON RADAR SCREEN Brian A. Toal SPE: MEDIAN BASE PAY FOR MEMBER ENGINEERS NOW $118,250 Leslie Haines U.K. SHELF SHOWS 34B BARRELS DONE, 25B TO GO Jeannie Stell VICENTE FOX SAYS FOREIGN INVESTMENT NEEDED IN PEMEX Stephen Payne WOODMAC: TUPI MAY BE ONE OF MOST SIGNIFICANT FINDS IN 20 YEARS Oil and Gas Investor This Week Ziff: Domestic, Canadian gas supply will decline Jeannie Stell On the Money CREDIT WORTHINESS Brian A. Toal Trends & Analysis HIRING AND RETENTION TIPS STAFF