Oil and Gas Investor Magazine - January 2009

January 1, 2009

Cover Story

Haynesville Shale

?East Texas and North Louisiana have served another tantalizing reservoir—the superb Haynesville shale.

Feature

?Often seen as a contrarian, Steve Farris molded Apache Corp. through a disciplined acquire-and-exploit strategy, then drilled up the treasures to drive growth. The time may be ripe again for more acquisitions.

Buyer Beware

Oil and gas producers are more exposed to counterparty-credit risk in today's financial environment. Here's how to handle that, and other exposures that come with acquiring properties.

Brian Hudler and Phil Lukefahr

How To Right The Upside Down

?Don’t let low value determinations block value-creation and capital-raising efforts. Focus on the strategy ahead and consider these ways to raise funds.

William E. Weidner

Step-By-Step Safety

?In the past, oilfield-safety programs were often considered an onerous expense required by OSHA regulation. In the Permian Basin, OSHA, producers and contractors have joined to leverage exemplary safety records into a competitive edge.

Stock-Picking With The CEO

?Looking for strong management alignment with shareholders’ interest? Here are a few oil and gas producers with CEOs heavily invested in the company’s success.

Mark S. Bononi

The Crossborder Tax Solution

?The current global E&P financial environment creates an abundance of buying opportunities domestically and abroad. Here is how to use the holding-company structure in crossborder deal-making.

Aaron Ball

The Disruptive Shales

?Rising shale production will radically transform the U.S. supply picture. Will the operational success of U.S. gas producers be their financial undoing?

Richard Nehring

The Right Price

?In the decades ahead, global energy pricing must balance on the teeter-totter of affordability versus investment sustainability.

Renato T. Bertani

Washington And Energy Policy

?The new administration and Congress have the oil and gas industry in their sights as they aim to tackle the three Es: the economy, energy and the environment.