Table of ContentsEditor's CommentWeathering the economic stormAmid all the gloom and doom, there is still reason for optimism if you’re in the oil and gas business. That is, if you’re a well-run company with an experienced management team.
Capital PerspectivesGoing to marketE&P companies that issued equity in the frothy markets of early 2008 are sitting pretty.
Analyze ThisThe Iranian energy threatIran’s government is perhaps the world’s greatest threat to energy security.
Upstream NewsOccidental adds West Texas, Piceance acreage, set to develop Abu Dhabi oil, gas fieldsOccidental Petroleum Corp. has signed a number of deals recently.
Cover StoryStrong balance sheet is winning strategy for W&T OffshoreAN INTERVIEW WITH TRACY W. KROHN, FOUNDER, CHAIRMAN, AND CEO, W&T OFFSHORE.
FeaturesGas shale development is now faced with challenging issues What can we expect through 2009?The ongoing economic downdraft that has impacted global economies is affecting plans for gas shale development in North America for the balance of 2008 and all of 2009.
Using like-kind exchanges to optimize tax benefits for O&G property, equipmentThe capital-intensive nature of companies engaged in oil and gas operations and the liberal rules that determine the like-kind nature of oil and gas properties combine to make IRC Section 1031 like-kind exchanges very attractive to oil and gas companies.
Mergers and acquisitions complicated by new accounting rulesThere is no question that the global energy industry is at a crossroad. Demand continues to rise around the world while many industry segments ? such as deep water offshore drilling, upstream production and refining and marketing ? are already operating at or near capacity.
Gulf of Mexico returning to normal in wake of Hurricanes Gustav and IkeOil and gas exploration and production is getting back to normal after successive hurricanes pounded the offshore petroleum infrastructure and adjacent onshore facilities in September.
Baker Botts attorneys examine impact of financial crisis on LNG projectsThe current financial crisis is unlikely have an immediate, direct impact on LNG project development.
2Q08 revenues very strong; net income increases 6.5%Rebounding from a weak first quarter, the OGJ200 group of companies showed strong growth in both revenues and profits in the second quarter that ended June 30.
Industry BriefsChesapeake closes revolving bank credit facility expandable from $460M to $750MChesapeake has closed a new secured revolving bank credit facility for an affiliate of its unrestricted subsidiary, Chesapeake Midstream Partners LP (CMP).
Energy PlayersFormer Chevron chairman, CEO, Keller, remembered as ‘a true leader and visionary’David J. O’Reilly, chairman and CEO of Chevron Corp., commented on the passing of George M. Keller, the company’s former chairman and CEO.
Beyond the WellMarathon gives ‘heart, soul, hands and feet’ to Komen Houston Race for the CureMarathon Oil Corp. understands the importance of good corporate citizenship.
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