Oil & Gas Financial Journal Articles, March 2008

Table of Contents

Editor's Comment

Middle East observations

The Middle East is worried about oil resource maturity, and practical peak oil is becoming broadly recognized as a critical issue.

Capital Perspectives

Anatomy lessons (part 2): dissecting a successful PSA

The scope and extent of the seller’s representations and warranties in a purchase and sale agreement may largely depend upon the relative bargaining power of the parties.

NewsBits

Group challenges CERA with $100,000 wager

A group of businessmen and energy experts who believe that global oil production will soon peak, plateau, and decline has issued a $100,000 wager to Cambridge Energy Research Associates, a prominent oil forecasting organization.

Analyze This

The threat of a new cartel

The increasing need for LNG could support a global pricing mechanism for natural gas

Upstream News

US President requests $307.1M for FY 2009 MMS budget

The FY 2009 budget request for the Minerals Management Service is $307.1 million.

Cover Story

Industry in the Crosshairs: IPAA’s fight to shape national energy policy

For nearly 80 years, the Independent Petroleum Association of America (IPAA) has been a member-driven organization.

Features

OGFJ Exclusive: FERC considers penalties for ‘market manipulation’

Energy and energy futures marketers and traders who have never before been regulated by FERC are receiving ‘informal nonpublic investigation letters’ from the Commission.

Assessing economic worth in hydrocarbon exploration

Professor Lerche examines how a company can option an investment opportunity with a minimum rate of return requirement and shows how to address quantitatively the various constraints and their influence on project economics.

New technology companies need an intellectual property strategy

Companies often leverage their research efforts by partnering with universities, private research groups, venture capitalists, and other industry partners.

Mexico Pt.6: New times, new opportunities

Having benefited from PEMEX’s investment boom over the past decade, with investment averaging US$4.6 billion over 1995-2000, US$10.1 between 2001 and 2006 and a forecasted annual CAPEX of US$20.1 billion over the current Presidential term of 2007-2012, numerous Mexican service providers have gained the expertise and level of technological advancement that enables them to venture beyond the limits of their domestic market..

Industry Briefs

Suncor approves C$20.6B oil sands expansion plans

Suncor Energy has given final approval to a $20.6 billion investment that is expected to boost crude oil production at the company’s oil sands operation, located north of Fort McMurray, by 200,000 b/d.

Energy Players

Stone Energy mourns death of founder, chairman

Stone Energy Corp.’s founder and chairman, James H. Stone, has passed away.

Beyond the Well

Newfield honors one of its own while helping others

On January 25, 2008, Houston-based Newfield Exploration’s board room was named after a very special individual, David F.

This Issue

Volume 5
Issue 3
March 2008