Oil & Gas Journal Articles, Oct 2003

Regular Features
- OGJ Newsletter
  - OGJ Newsletter
    The next 6-12 months will be a crucial period for the recovery of Iraq's oil industry and for future US influence in the Middle East, said Herman Franssen, president of International Energy Associates Inc., Chevy Chase, Md.
- Editorial
  - Ozone and ethanol
    The annual air-quality assessment published recently by the US Environmental Protection Agency contains a sleeping serpent worth stirring up before environmental alarmists appropriate it for their gloomy propaganda.
- Journally Speaking
  - Verbal gravitation
    This space generates its greatest response when one of Oil & Gas Journal's editors ventures into a discourse on language.
- Equip/Software/Lit
  - Equipment/Software/Literature
    New level transmitters perform continuous, remote liquid measurement that is based on magnetostrictive float technology.
- Editor's Perspective
  - Voting against OCS inventory subverts US energy policy
    Can there be any indication clearer than voluntary ignorance that Congress is misguided on energy policy?
- Market Hotline
  - Saudis face swing-supply strains in 2004
    Several signs point to the likelihood that oil prices have topped out this year and face growing downward pressure in 2004.
- Letters
  - Letters
    I'd like to offer another perspective on NSR reform. You call "nonsense" the claim that the proposed reform is an environmental defeat, because the NSR program was broken and needed fixing, and because air quality is improving across the country.
Special Report
- US independents maintain bullish outlook despite legislative uncertainty
  US independent oil and natural gas exploration and production companies are maintaining a positive outlook for their near and medium-term operational and financial performances against a backdrop of congressional debate over the direction of energy policy.
- 'Stars aligned' for success of independent Magnum Hunter
  With an inventory of 2,500 onshore prospects and 171 blocks on the Gulf of Mexico Outer Continental Shelf, Magnum Hunter Resources Inc., Irving, Tex., is well-positioned for an upswing in the oil and gas market for the next 3 years, said Gary Evans, chairman, president, and CEO.
- Remington focuses on cost-effective, deep-gas reserve growth
  Remington Oil & Gas Corp., Dallas, is committed to cost-effective reserve growth through exploring Gulf of Mexico shallow waters and using an extensive 3D seismic database to generate drilling opportunities and reduce exploratory risk.
- Devon Energy maintains strategy as largest independent
  Devon Energy Corp., Oklahoma City, has succeeded by adhering to its 32-year strategy "to create a strong, powerful company very focused on quality assets—both quality production as well as quality exploration—heavily weighted toward natural gas and heavily weighted toward North America," said J. Larry Nichols, chairman and CEO.
- Pogo continues to set company records in 2002
  This year marks the second year in a row that Pogo Producing Co. has made OGJ's list of the fastest-growing independents.
- 94-year-old independent still exploring new opportunities
  With 97% of its current production in heavy oil from California, Berry Petroleum Co., Bakersfield, Calif., is diversifying through pilot programs to develop coalbed natural gas (CBNG) in Kansas and Illinois and a major acquisition this year that gave it an operating position in the Rocky Mountains.
- PetroCorp's growth spurt results in its pending sale to Unit
  PetroCorp Inc has grown rapidly by acquiring oil and natural gas producing properties in the US and Canada.
- Ultra Petroleum takes long-term approach to future growth
  Ultra Petroleum Corp. is a rapidly growing US independent based in Houston that focuses on its core assets in the Green River basin of southwestern Wyoming and in the shallow waters of Bohai Bay in China.
- Quest Resource focuses on Cherokee basin CBNG
  Quest Resource Corp., Benedict, Kan., concentrates on coalbed methane (CBM) covering a 10-county region in the Cherokee basin in southeastern Kansas and northeastern Oklahoma.
- GeoResources explores for, develops oil, gas in the Williston basin
  GeoResources Inc., Williston, ND, explores for oil and natural gas in the North Dakota and Montana portions of the Williston basin. The company also operates a contract drilling subsidiary, Western Star Drilling Co., as well as a coal mine and processing plant at Williston.
- Canadian indies thrive on strong cash flow, robust commodity prices
  Canadian oil and natural gas exploration and production companies are alive and well, thriving on robust cash flows and strong commodity prices that will likely continue into the fourth quarter.
General Interest
- White House-Congress squabble over Iraq funding heats up
  The White House took its strongest action yet to retain control over proposed Iraq reconstruction funds when it told the US Congress that President George W. Bush would veto a bill that requires Iraq to pay back part of the money.
- Iraqi interim government unveils plans to halt oil smuggling
  The interim Iraqi government, backed up by US and UK military forces, has announced plans to curb the smuggling of oil, including increased interdiction efforts along with public trials and heavy sentences for smugglers who are caught.
- API: Iraqi reconstruction progressing despite security problems
  Reconstruction of Iraq's oil industry has progressed recently despite continuing security problems, government and industry officials reported at American Petroleum Institute's annual meeting in New Orleans last week.
- State NSR actions
  State air-quality regulators are mad, and they aren't going to take it anymore.
Exploration & Development
- Sudan could support growth as non-OPEC oil exporter
  Sudan could support growth as non-OPEC oil exporter Sudan, mired in a long-running civil war, could become an even more important oil producing and exporting country in the short to medium term.
- France's E&D spending seen to triple from low point
  France's E&D spending seen to triple from low point Exploration and development investment should improve markedly this year in France after sliding to a low point in 2002.
Drilling & Production
- Determining positional inaccuracies in directionally drilled wells
  Calculated borehole position may be erroneous in over half of the horizontal wells drilled during the past 15 years, according to the results of an ongoing industry study of continuous vs. stationary survey measurements.
- Floating proppant stimulates sand with a high permeability contrast
  Fracturing treatments performed in three wells in Minas oil field, on Sumatra Island, successfully placed a floating graded walnut-hull proppant in the top section of a layered sandstone reservoir.
Processing
- New charts provide accurate estimations for water content of sour natural gas
  An update of charts that gives estimations of the water content of sour natural gas, published 10 years ago, reflects new experimental data and are more accurate for low pressures.
Transportation
- Compromise is best course for Russia, EU in Protocol negotiations
  When the energy ministers of European Union countries met in Thesaloniki, Greece, in February 2003, Turkey and Greece signed an agreement to build a 350-km gas pipeline to link the two countries.
Print Ad Index
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