Mexico’s strategy to attract private energy companies appears to be working, especially for the oilfield services market, according to officials at the Offshore Technology Conference, which opened Monday in Houston.
Strategy
Articles from Strategy
CA Governor Draws Support for Initial Power Strategy
Some of the state’s biggest stakeholders wasted no time in voicing support for Gov. Arnold Schwarzenegger’s initial outline of his electricity priorities, including support for a core/noncore market structure, more renewable energy use, and long-term contracts for the state’s three private-sector utilities.
Puget Energy to Sell $100 Million in Stock
Putting its stock where it business strategy is focused, Bellevue, WA-based Puget Energy Friday announced it was selling about $100 million of common stock to mutual funds managed by Franklin Advisers, based in San Mateo, CA, at a discount to the Oct. 30, 2003 price at $22/share. Net proceeds will go entirely to support Puget’s regulated combination utility, Puget Sound Energy (PSE).
Energy Partners Drills South Marsh Discovery Well
Continuing forward with its 2003 exploration and production strategy, Energy Partners Ltd. (EPL) said Friday that it has drilled a discovery well in the shallow waters of the Gulf of Mexico and acquired new state leases in close proximity to its East Bay field.
XTO Energy Continues San Juan Basin Strategy with $60.5 Million Property Acquisition
Continuing on its property tear in the region, XTO Energy Inc. announced that it has entered into a definitive agreement with Denver-based Markwest Hydrocarbon Inc. to acquire coal bed methane and natural gas producing properties located in the San Juan Basin of New Mexico and Colorado for $60.5 million.
XTO Energy Continues San Juan Basin Strategy with $60.5 Million Property Acquisition
Continuing on its property tear in the region, XTO Energy Inc. announced that it has entered into a definitive agreement with Denver-based Markwest Hydrocarbon Inc. to acquire coal bed methane and natural gas producing properties located in the San Juan Basin of New Mexico and Colorado for $60.5 million.
Avista Makes Executive Moves, Underscoring ‘Back-to-Basics’ Strategy
With a sobering re-emphasis of its basic energy and energy-related businesses, Spokane, WA-based Avista Corp. announced last week that two of its longtime executives were retiring, and rather than filling the positions the company will collapse their duties into expanded roles for two existing executives at the company. It is part of a “realignment” of its overall management structure that stresses “back-to-basics,” a company spokesperson said.
Rocky Mountain Energy Continues Asset Acquisition Rampage
Continuing its current exploration and production acquisition strategy. Houston-based Rocky Mountain Energy Corp. (RMEC) said it has signed an agreement to purchase a group of oil and gas properties located in Wyoming, Utah, Nebraska and Colorado for $11.2 million.
Rocky Mountain Energy Continues Reserve Addition Strategy
Houston-based Rocky Mountain Energy Corp. said it has its sights on three more property acquisitions. Over the past month, the company has purchased two properties for a total of $13.5 million.
Rocky Mountain Energy Continues Reserve Addition Strategy
Houston-based Rocky Mountain Energy Corp. said it has its sights on three more property acquisitions. Over the past month, the company has purchased two properties for a total of $13.5 million.