• David Dunton and John Davis have formed Alpine Gas Co. LLC, Dallas, with a focus on the Midcontinent and North Texas. Dunton was most recently with EnCap Investments LC. Davis was with Netherland, Sewell & Associates. Both were previously with Exxon. • Calgary-based Bonavista Petroleum Ltd. plans to reorganize and create a royalty trust to hold its mature assets and an exploration-focused producer that will hold its growth assets. Shareholders will receive trust units in a newly created Bonavista Energy Trust that would own about 90% of the company's producing assets and shares in a separate publicly listed producer, which would own some of Bonavista's gas assets and undeveloped lands in eastern Alberta. The trust will assume about C$90 million of Bonavista's existing bank debt. The producing company will assume about C$35 million of debt. • Michael W. Mitchell, formerly managing director and head of the Dallas energy investment-banking practice for Friedman, Billings Ramsey & Co., has formed Mitchell Energy Advisors LLC (MEA), Dallas, providing corporate finance and M&A advisory services. Mitchell is joined by Mynan C. Feldman, formerly a vice president of EnCap Investments LC. Mitchell and Feldman were previously with Bank One. • Allen Parks and Joe Hoepfl have founded investment-banking firm Parks Hoepfl & Co., Houston. Both were previously with CIBC World Markets. • John Falbo has joined Compass Bank's energy-banking group as a senior vice president. Falbo will be primarily responsible for developing loans to independents in the western U.S., where Compass is currently expanding. Falbo formerly was with Credit Lyonnais. • Smith Barney analyst Paul Ting has moved to UBS Warburg, where he will continue to cover the integrated oil sector. Matthew Warburton, who had covered that sector for UBS, has taken another position at the bank. Smith Barney has not yet named Ting's replacement. • Hart Publications' Oil and Gas Investor and BearingPoint, a business consulting and systems integration firm, are conducting a survey of capital management and cost control in the oil and gas industry. The results will include perspectives from E&P and service-company executives on how each sector helps the other to cut costs. These results will be reported in Oil and Gas Investor later this year.