Newly formed Mission Resources Corp.-the product of a merger earlier this year of Houston companies Bargo Energy Co. and Bellwether Exploration Co.-hopes to maintain the same steady growth in earnings per share achieved earlier by its constituent firms.
Anadarko Petroleum Corp., Houston, has drawn attention lately for its acquisitions of other companies, but Chairman and CEO Robert J. Allison Jr. emphasizes that Anadarko still remains focused on growing production through the drillbit.
Canadian independents with significant natural gas and land positions are at some risk of becoming an endangered species, with a spate of takeover deals already on the books this year.
Plano, Tex.-based Denbury Resources Inc. attributes much of its sustained earnings growth to a niche carbon dioxide flood enhanced oil recovery project it operates at Little Creek field in southwestern Mississippi.
San Antonio-based The Exploration Co. has a three-pronged strategy for sustaining the company's production and earnings growth, according to James E. Sigmon, president and CEO-and all three parts involve the same Texas basin.
In response to industry conditions, Swift Energy Co., Houston, alternates between acquiring reserves and finding reserves through drilling as it strives to enhance the volume and value of its proved reserves at the lowest possible cost.
Toreador Resources Corp., Dallas, primarily sees itself as a manager of its portfolio of 1.4 million net mineral acres in the US, although it envisions expanding its exploration program overseas.
FieldPoint Petroleum Corp. is taking great strides to spark tenfold growth in the small exploration and production firm over the next 36-48 months through acquisitions.
Indonesia has identified a potentially lower-cost alternative for meeting its domestic demand for natural gas and its liquefied natural gas exports. The authors recently completed a study that identified 337 tcf of coalbed methane (CBM) resource potential in 11 Indonesian coal basins-about two-thirds the size of the US CBM resource base.
Research and field experience have shown that well-path control is important in many cases, not only to reach the desired coordinates, but also to arrive at the well completion target from the preferred trajectory.
An onshore injection well, in Brazil, is the site of an all-electronic, multizone intelligent well completion being tested for eventual use by Petroleo Brasileiro SA (Petrobras) in its deepwater Campos basin wells.
Here's a new loop-powered stud mount vibration transmitter. The intrinsically safe Model 571 protects rotating and reciprocating machinery from catastrophic failure by alerting workers to increasing vibration levels.
Baytown, Tex., has named Thomas E. Murdock as sales manager for oil country tubular goods. Murdock, who holds a BS in economics from Slippery Rock State University, Pa., began his oil industry involvement as an accountant with Tenneco Oil E&P.
The American Petroleum Institute said last week its members are still pushing Congress to pass a comprehensive energy bill this year, although political realities may make that a difficult goal.
California state regulators have approved a pipeline tariff that limits competition and discourages the development of new interstate pipelines needed to directly serve California consumers, pipeline industry officials charged last week.
Energy markets need more, not less, price transparency. But come January traders may have even less information to go on, creating a higher risk for boom-and-bust price swings at a time when the US craves stability.
Global oil supplies appear to have been minimally affected by the Sept. 11 terrorist attacks on the World Trade Center and the Pentagon and by continuing military operations.
US jet fuel deliveries fell nearly 10% in September due to reduced air travel following terrorist attacks, the American Petroleum Institute reported last week.
New business models in the petroleum industry must address intangible elements as well as the shortage of personnel, according to Calvin B. Cobb, vice-president of Cap Gemini Ernst & Young.
As the Philippines inaugurated its first commercial natural gas field last week, President Gloria Marcapagal-Arroyo unveiled an energy strategy centered on natural gas.
Pipelay for Williams Cos. Inc.'s East Breaks project offshore Texas in the Gulf of Mexico achieved a high lay rate in its activity in late spring and summer, according to Stolt Offshore Inc., lay contractor for the project.
