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Odessa American in Odessa, Texas

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Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Jan 10, 2005

Page

9

Permian Basin Drilling Report Dec 31 2004 to Jan 6 2005

W-1 drilling permit applications approved by the Texas Railroad Commission for Districts 7C 8 and 8A include ConocoPhillips Devon Exxon Mobil Forest Oil Kinder Morgan Occidental Pioneer Pure Resources TXP Inc and TXP field units with multiple recompletions and new drill entries across Andrews Reeves Glasscock Upton Howard Gaines Midland Pecos and other counties.

Texas Railroad Commission ConocoPhillips Co Embar B Andrews Co Devon Energy Production McKnight M.B Crane Co Exxon Mobil Corp McElroy Ranch Co Upton Co Forest Oil Permian Corp Tl&m “C Howard Co Tl&m “B Henry Petroleum Stevesmith Kinder Morgan Prod. Co Yates Pecos Co Occidental Permian Blakeney, Ector Co New Pioneer Natural Resources USA Stuard A Glasscock Co Shackelford Spraberry Midland Co Glaspie Martin Co Cain “A Priddy Pure Resources Dollarhide North Riley Yates Gaines Co Sugg Irion Co TXP Inc Meador T.C Schleicher Co

Crude futures ease after surge amid OPEC and Shell news

Crude prices mixed as February light crude slips to 45.43 a barrel while Brent rises to 43.18 in London. Analysts cite Shell Draugen field shutdown and possible OPEC cuts as factors. heating oil and gasoline futures edge lower.DOE inventory data show mixed stock changes amid weather and supply concerns.

London New York Mercantile Exchange Nymex International Petroleum Exchange Esa Ramasamy Platts Energy Reporting Shell Norwegian Sea OPEC Vienna United States Midwest Meteorlogix Saudi Arabia U.S. Department of Energy West Texas

El Paso Corp Plans Growth via Drilling and Acquisitions

El Paso Corp aims to boost 2005 results through exploration and acquisition growth. CEO Doug Foshee said drilling will total about 750 million, lower than prior forecasts, while pipeline operations remain solid. The firm faced heavy charges after 2004 reserve write downs and restatements, selling assets to cut debt and ending with 18 billion in cash and 560 million in borrowing capacity.

Houston el Paso Corp Doug Foshee United States el Paso

Also Mentioned on This Page

Permian Basin Drilling Report Big Count Alabama Alaska California Louisiana New York New Mexico North Carolina North Dakota South Dakota South Central Middle Coast Lower Far NE N. Central Central West Tx North Tx Tx Panhandle Washington State West Virginia THE Associated Press Organization of Petroleum Exporting Countries Ramasamy Garza Otero N.M Gracecock Quay Chaves Teae Edward Jones N. Grandview Odessa Association of Mark G. Cowart Cpa 42Nd Street Oessa Eitncasts McOreless Co N. Grant Odessa Weg Wellbutrin Florent Premarin Zantac Norvasc Celebrex Paxil U.S Pfizer Bristol-Myers Squibb Glaxo-Wellcome Eli Lilly Wyeth-Ayerst Searle and Merck T the New York Times Orlando Business Journal Ira Company WNDU Indlama
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