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| Please
take a quick moment to answer 2 survey questions and we will provide
a summary of the confidential responses in the next issue. |
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We will talk next issue about the correct application of rate of return versus cost of capital and the benefits and pitfalls of using one over the other. |
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| Darcy's
Law still has everyday applicability Have you ever thought about trying to use Darcy's Law to help find oil and gas? Some of the most economically profitable acquisition candidates are those properties with the greatest production facility disabilities. High PI wells, even at low volumes will result in significant increases in productivity when you can effectively lower flowing bottom hole pressure. Searching public databases for high PI wells will invariably result in substantially more profitable acquisition candidates, every time you find one! |
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CEC Energy Consultants assisted Tulsa-based Helmerich & Payne in the identification and evaluation of merger candidates, which resulted in a successful merger of H&P with Denver-based Key Production to form Cimarex Energy. CEC Energy Consultants combines with Rike Services to provide the US Commerce Department with training courses for Russian Oil & Gas Executives in the area of Concession Negotiation, Risk Assessment and Mitigation, and modern Economic Evaluation processes. CEC Energy Consultants combines with Rike Services to assist TotalFinaElf in providing 8-week training courses to train Indonesian nationals to become Well Operations Supervisors. |
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Please join us as each quarter as we provide some real-world examples of how you can use current technology to increase personnel and corporate productivity, improve your company's drilling success and performance, mitigate your inherent risks, and improve your confidence in your own abilities so you can start enjoying life a little more and reduce some of the stress in your life! Each quarter I will write about and illustrate specific examples of how you can improve your odds of identifying profitable acquisition and/or drilling prospect leads as well as how to perform advanced engineering analysis with current industry software applications. If you feel this newsletter would be of benefit to someone you know, please feel free to forward a copy as well as distribute anything I make available in this newsletter to your staff and employees. What will be the cost of the newsletter you ask, well its free to anyone and everyone that wants to be on our mailing list. I have spent almost 30 years of my career generating business development opportunities, and I know how difficult it is to find personnel who can truly generate new ideas and not just be evaluators of available public transactions or prospects. It is my hope that this newsletter might be inspirational as well as instructional, to encourage new and old geoscientists and engineers to improve their prospecting and analytical skills, and to help improve your success and efficiency in finding oil and gas. We hope this newsletter will bring you new inspiration and success in your quest to find oil and gas with today's new technological tools. Sincerely, Mike Cherry, P. E. |
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A&D
Highlights |
| Sampson
acquires Contour Energy for $146 million Husky Energy has agreed to acquire Marathon Canada for $588 million Patina Oil & Gas acquires assets of Cordillera Energy Partners for $240.5 million plus warrants to purchase Patina stock. Berry Petroleum purchases Utah properties from Williams for $48.6 million. |
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New
Discoveries |
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News
Highlights |
| Pemex
Executives Under Probe for Corruption Cases Against First Energy Oil Price Rebounds |
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Upcoming
Events |
| APPG
Prospect & Property EXPO September 9-11, 2003 Houston, Texas John S. Harold Pacesetters Energy Conference September 23-25, 2003 Greenwich, Connecticut SPE Annual Technical Conference October 5-8,2003 Denver, Colorado 2003 Oil & Gas Investment Symposium October 7-8, 2003 San Francisco, California |
| CEC
Energy Consultants 6700 Woodlands Parkway Suite 230-304 The Woodlands, Texas 77382 Office - 281.298.9961 Fax - 281.419.1046 Cell - 713-502-9235 www.CECEnergyConsultants.com Mike.Cherry@CECEnergyConsultants.com |
| Since 1999, CEC Energy Consultants has been an engineering project management firm that allows you to outsource operations, engineering, and business development projects while maintaining project control. Outsourcing maximizes your profitability by allowing you to allocate your key employee personnel to the company's strategic projects, ensuring operational success and safety. CEC uses industry software such as Geoplus Corporation's Petra Workstations for both geologic and engineering functions, to enhance the identification of new business development opportunities with existing or newly acquired assets. Petra is unparalleled in its ability to build isopach maps and log cross-sections, but more importantly from an engineering standpoint, to analyze and screen public data sources for acquisition and drilling prospect leads as well as other advanced geologic and engineering functions. CEC Energy Consultant's expertise in using the latest technology application tools will result in reserve additions and well productivity enhancements to your asset base. Visit our website to learn more about CEC Energy Consultants incredible new technological, engineering and operations capabilities. |
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| Engineers
and Geologists now have the ability to analyze their own cross-sections
and generate isopach maps to identify acquisition candidates and other
productivity anomalies to improve corporate productivity, as well
as generate more realistic volumetric reserve assessments. Stay tuned
and we will show you how. |
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| Rike
Services Geoplus
Corporation |
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| APPEX September 9-11, 2003 Houston, Texas Booth 426 SPE Annual Conference October 5-8, 2003 Denver, Colorado Booth 145 AAPG Mid-Continent Conference October 13-15, 2003 Tulsa, Oklahoma Speaker on “Using Industry Applications Software for Analyzing Data to High Grade Acquisition and Drilling Prospects” |
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