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General Interest 2004 P6

  • 07/22/2004 -- LaGrange Acquisition buying Devon Energy's Texas midstream assets
    LaGrange Acquisition LP, a unit of Energy Transfer Partners LP, Dallas, agreed to buy midstream assets from Devon Energy Corp., Oklahoma City, for an undisclosed price.
  • 07/01/2004 -- El Paso buying Unocal's stake in Brazilian joint venture
    El Paso Production Co., a subsidiary of the Houston-based El Paso Corp., agreed to buy a Unocal Corp. affiliate that indirectly holds a 50% interest in UnoPaso, a Brazilian joint venture.
  • 07/27/2004 -- Newfield makes West Cameron 77 deep shelf discovery
    Houston-based Newfield Exploration Co. has made a deep shelf discovery at West Cameron 77, about 10 miles off Louisiana in about 40 ft of water.
  • 07/27/2004 -- Chesapeake amasses record US inventory, acquires Anadarko, Arkoma, South Texas assets
    Chesapeake Energy Corp., Oklahoma City, said it believes it has built the largest onshore US inventories of leasehold and 3D seismic data in the industry at more than 3 million and 8 million acres, respectively.
  • 07/13/2004 -- Unocal concludes successful appraisal of St. Malo discovery in Gulf of Mexico
    Unocal Corp.'s appraisal well at the St. Malo hydrocarbon discovery on Walker Ridge Block 678 in the deepwater Gulf of Mexico encountered more than 400 net ft of oil pay at depths greater than were encountered in the earlier discovery well in October 2003 (OGJ Online, Oct. 31, 2003).
  • 07/05/2004 -- Indonesia seeks bids on 10 oil, gas blocks
    After a year's delay, Indonesia is requesting bids for exploration and development of 10 oil and gas blocks and offering better production-sharing splits and incentives. Tender data is available through Sept. 30, and bid winners will be announced in October, reported the Jakarta Post.
  • 07/30/2004 -- Energy referendum
    Bolivian President Carlos Mesa faces the daunting task of keeping both voters and investors happy following a referendum meant to insure a large government role in the country's growing energy sector.
  • 08/20/2004 -- Second Moss Bluff explosion accesses 6 bcf of gas in cavern, feeds larger fire
    About 6 bcf of natural gas stored in Cavern No.1 at the Moss Bluff salt cavern natural gas storage facility near Houston is now feeding a fire that has been burning since 4 a.m. Thursday following an explosion at the site (OGJ Online, Aug. 19, 2004).
  • 08/05/2004 -- MARKET WATCH
    Oil futures prices pull back from record-setting high

    After reaching above the record-setting $44/bbl mark Tuesday on the New York Mercantile Exchange, crude oil futures prices Wednesday then reversed, falling by $1.32 to $42.83/bbl.
  • 08/27/2004 -- Heartland appoints chief operating officer
    Vancouver-based Heartland Oil & Gas Corp. announced the appointment of Philip S. Winner as chief operating officer.
  • 08/05/2004 -- Venoco names new corporate officers
    Venoco, Inc., Santa Barbara, Calif., announced that two current employees have been promoted to vice-presidents with the oil and gas company.
  • 08/27/2004 -- Pogo agrees to acquire $189 million of natural gas properties
    Pogo Producing Co., Houston, agreed to acquire natural gas properties in the San Juan basin for $189 million in two separate transactions.
  • 08/16/2004 -- Forest Oil agrees to Gryphon Marin prospect farm-ins, off Gabon
    Forest Oil Gryphon Marin BV, subsidiary of Denver-based independent Forest Oil Corp. and operator of the Gryphon Marin production-sharing contract in the Gabon Coastal basin off southern Gabon, has entered into interest participation agreements with Paladin Resources (Gabon) Ltd. and Tullow Oil subsidiary Energy Africa Gabon SA.
  • 08/13/2004 -- El Paso sells Indonesian, domestic assets, buys Brazilian production interest
    El Paso Corp.'s long-range plan is to reduce the company's debt, net of cash, to $15 billion by yearend 2005. Targeting asset sales of $3.3- 3.9 billion by that date, the company to date has announced or closed $3.5 billion in asset sales. Among latest sales are shares in Coastal Indonesia Sampang Ltd. and sales of 10 electric power plants in California. El Paso also purchased Unocal's 50% interest in a Brazilian E&P firm.
  • 08/27/2004 -- Marathon to abandon deepwater exploration well off Nova Scotia
    Marathon Canada Petroleum ULC announced that it did not encounter commercial quantities of hydrocarbons at the Crimson F-81 deepwater wildcat well off Nova Scotia.
  • 08/25/2004 -- Brazil's sixth licensing round draws 19 bidders
    Brazil's sixth oil and natural gas licensing round began under heavy stress for representatives of the 24 qualified companies due to an injunction of a Supreme Court justice that would have suspended concession holders' rights to the oil they find in licensed exploration blocks.
  • 08/18/2004 -- MMS reports $171.4 million in apparent high bids in GOM Lease Sale 192
    Apparent high bids totaling $171.4 million were offered for 351 offshore tracts at Lease Sale 192 for the western Gulf of Mexico, the US Minerals Management Service reported Wednesday from New Orleans.
  • 08/13/2004 -- Occidental to explorethree blocks in northern Peru
    Occidental Petrolera del Peru Inc. now has three blocks on which to explore in Peru, having signed a license Aug. 9 with Peru's state oil agency Perupetro SA for Block 103 between the Loreto and San Martin regions in Peru's Upper Amazon, where it will record 400 km of 2D seismic and drill two exploratory wells.
  • 09/20/2004 -- Analyst: European refining margins on the rebound
    European refining margins have rebounded but remain at or below breakeven levels and Singapore refining margins are rising at what appears to be unsustainable levels, said L. Bruce Lanni, senior analyst for A.G. Edwards & Sons Inc., St. Louis.
  • 09/28/2004 -- Gas producers frustrated with permitting delays in Rockies
    The US Rocky Mountain region has great potential for natural gas reserves, but Houston-based Dominion Exploration & Production Inc. is growing frustrated with permitting delays and escalating costs of doing business.

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