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Vol. 10, No. 16 Week of April 17, 2005
Providing coverage of Alaska and northern Canada's oil and gas industry


U.S. independents still riding high on prices

Petroleum News survey shows first-quarter profits to rise 6 percent from previous quarter, up 28 percent from year ago

Ray Tyson

Petroleum News Houston Correspondent

Profits for U.S.-based exploration and production independents, supported by an exceptionally strong oil and gas price environment, continued to rise on average in the 2005 first quarter, according to a Petroleum News survey of Thompson-First Call earnings estimates for 20 sector leading E&P compani....

    [additional news subjects in this story]

Largest gains expected from Kerr-McGee

Unocal being taken over by ChevronTexaco

Newfield down from previous quarter

Magnum Hunter being acquired by Cimarex


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