Recently added articles from Oil and Gas Investor's A&D Watch:

At closing

May 01, 2008; Williams, Peggy ... A new report by the U.S. Geological Survey says the Bakken formation in the Williston Basin of Montana and North Dakota contains mean undiscovered volumes of 3.65 billion barrels of oil, 1.85 trillion cubic feet of gas and 148 million barrels of gas liquids. The USGS assessed the ...

Hot On Haynesville

May 01, 2008 ... Two Months Ago You Hadn't Heard Of It. Now Everybody's Gotta Have Some Of It--But At What Price? Can you say Haynesville? If you can prove you have a leasehold interest in the hot newly discovered shale play deep below in northwestern Louisiana, you'll probably get a bump in stock price, ...

Eastern U.S

May 01, 2008 ... Traverse City, Mich.-based West Bay Exploration Co. completed #1-6 State-Livonia & West Bay in Section 6-1s-9e, Livonia Township, in northern Wayne County, Mich., within the Livonia city limits. The directional well recovered 200 bbl. of oil and 30,000 cu. ft. of gas a day. According to the ...

Midcontinent

May 01, 2008 ... Seeco Inc., a unit of Houston-based Southwestern Energy Co., completed its #2-10 Nehus in northern Arkoma Basin. The Middle Atoka producer is located in Arkansas' Logan County in Section 10-6n-25w. It was tested flowing 3.5 million cu. ft. of gas a day with a flowing tubing pressure gauged at ...

Western U.S

May 01, 2008 ... . Operator Savant Alaska LLC, a unit of Denver-based Savant Resources LLC, spudded its #1 Kupcake on Alaska's North Slope. The 11,000-ft. test targets Kemik sand in Section 29-11n-18e, Umiat Meridian, reports IHS Energy. It is 17.4 miles east of Prudhoe Bay and 4.3 miles southeast of ...

Gulf States

May 01, 2008 ... The #1 Samuel A. Lipsey, a workover permitted by Tyler, Texas-based Southwest Operating Inc., is active in Anderson County (RRC 6), Texas. The 6,300-ft. venture is in Box W. Roland Survey, A-11, in the Elkhart Field area. It's slated to evaluate Woodbine. The well was originally completed in ...

International

May 01, 2008 ... Husky Energy Inc., Calgary, has received government approvals to develop North Amethyst Field, a satellite to its White Rose development in the Jeanne d'Arc Basin, offshore Newfoundland. North Amethyst contains some 70 million bbl. of proved and probable recoverable reserves. First production ...

E&P A&D - Africa

May 01, 2008 ... E&P A&D - Africa Equatorial Guinea national oil company GEPetrol plans to acquire the Equatorial Guinea assets of Devon Energy Corp., Oklahoma City, (NYSE: DVN) for $2.2 billion ($1.7 billion after taxes). Devon's principal asset in the country is its 23.75% participating ...

E&P A&D - Asia

May 01, 2008; Payne, Steve Toon Stephen ... A subsidiary of Horizon Oil Ltd. (Australia: HZN) plans to acquire a 28.92% interest in Papua New Guinea petroleum retention license (PRL) 4 and 10.7% interest in PRL 5 from Austral Pacific Energy Ltd., Wellington, New Zealand, (Australia: NZSX, Amex: AEN) for an undisclosed ...

E&P A&D - U.S

May 01, 2008; Payne, Steve Toon Stephen ... . Ameriwest Energy Corp., Casper, Wyo., (OTCBB: AWEC) plans to acquire up to 95% working interest (79.9% net revenue interest) in the Burke Ranch unit in Wyoming from Casper, Wyo.-based Hot Springs Resources Ltd. for an undisclosed price. Along with the 1,920-acre unit, Ameriwest ...

E&P A&D - Capital Providers

May 01, 2008; Toon, Steve; Payne, Stephen ... Cadent Energy Partners LLC, Rye Brook, N.Y., has closed its second private equity fund, Cadent Energy Partners II LP with $473.3 million in commitments from its partners. The fund exceeded its initial target of $375 million due to strong support from existing investors coupled with new ...

E&P A&D - Middle East

May 01, 2008; Toon, Steve; Payne, Stephen ... An affiliate of Saudi Arabia-based Abdullah Rasheed Al-Rushaid Co. plans to acquire the 50% interest held by Parker Drilling Co., Houston, (NYSE: PKD) in their Saudi Arabian joint venture, Al-Rushaid Parker Drilling Co. Ltd. for $2 million. Each party has agreed to waive any claims that ...

E&P A&D - Canada

May 01, 2008; Payne, Steve Toon Stephen ... Arrow Energy Ltd., Calgary, (Toronto Venture: AOF) plans to acquire a producing property near its Peavine core area in northern Alberta from an undisclosed private company for C$4.1 million. The assets are in the Gift Lake area. Production is approximately 97 barrels of oil equivalent per day ...

E&P A&D - Europe

May 01, 2008; Payne, Steve Toon Stephen ... Faroe Petroleum Plc, Aberdeen, U.K., (London: FPM) plans to acquire a 10% interest in Norwegian licenses PL006C and PL006D in the North Sea from Stavenger, Norway-based Noreco ASA. PL006C and PL006D contain the South East Tor discovery and the Hyme prospect. A well to appraise South East ...

E&P A&D - FSU

May 01, 2008; Payne, Steve Toon Stephen ... North-West Oil Group Inc., Moscow, (Pink Sheets: NWOL) has entered a memorandum of understanding with Chinese national oil company Sinopec Corp., concerning expanded oil production in Russia. Sentry Petroleum Ltd., Denver, (OTCBB: SPLM) has entered a conditional joint venture with ...

Things that make us go "hmm..."

May 01, 2008 ... When the snarky analysts at Tudor, Pickering, Holt & Co. Securities Inc. pored over the XTO Energy announced acquisition of Southwestern Energy Fayetteville acreage (see E&P A&D News), they determined "somebody's math isn't right." XTO pins the deal at 55,000 acres, which the ...

U.S

May 01, 2008; Toon, Steve ... 1. NEW--Alamo-Palace MP 59 LLC has retained Scotia Waterous (USA) Inc. to sell its interest in the Main Pass 59 block in the Gulf of Mexico continental shelf. The package includes a 60% working interest in two leases with 17 producing wells from two separate platforms. MP 59 block, ...

E&P A&D - Latin America

May 01, 2008 ... An undisclosed buyer plans to acquire all of its interest in the Caracara association contract and related assets in Colombia from Hupecol Caracara LLC and Houston American Energy Corp., Houston, (Nasdaq: HUSA) for $920 million. Hupecol is owner and operator. Houston American holds a ...

E&P - New Companies

May 01, 2008; Toon, Steve; Payne, Stephen ... Former senior managers of KCS Energy Corp. and Charlie Prioleau have formed Houston-based privately held Force 5 Energy LLC with a $100-million equity commitment from EnCap Investments LP affiliates and other minority investors. Force 5 will focus principally onshore South and East Texas and ...

E&P A&D - Upstream Analysts

May 01, 2008; Toon, Steve; Payne, Stephen ... Houston-based decision-focused management consulting firm Decision Strategies plans to acquire Houston-based strategic market assessments firm RMI for an undisclosed price. RMI's services include evaluations of new and existing markets, measurements of customer satisfaction, due ...