Oil and Gas Investor Magazine - February 2004 February 1, 2004 Feature A NORTH SEA RENAISSANCE Other ABOUT EL PASO Other BRACING FOR A SEA CHANGE Other CBM IN ILLINOIS Other FINANCIAL KINGDOM Other LAND OF ICE AND CHANGE MAJORS, MOVE OVER Other REVISITING ROADS NOT TAKEN Brian Toal STREET-WISE SERVICE BUYS Brian Toal TAXATION Other THE EAST TEXAS BASIN Peggy Williams Company Briefs Additional briefs Jodi Wetuski Chesapeake ends 2003 with $1.7 billion-plus in purchases Other ChevronTexaco to divest 5% of U.S. production Jodi Wetuski U.S. M&A News Jodi Wetuski E&P Momentum EASTERN GULF OF MEXICO Peggy Williams Exploration Highlights Eastern U.S. Other Gulf Coast Other International Highlights Peggy Williams Midcontinent & Permian Basin Other Western U.S. Other NewsWell Analysts expect 2004 to be strong year for oil-service stocks Jodi Wetuski Deal-making picked up speed as 2003 neared close Jodi Wetuski Fitch expects lower average oil, gas prices in 2004 Peggy Williams Marathon's gas strategy begins to take shape Leslie Haines New York buyside firm still likes energy and utility investments Leslie Haines Shell's woes bring to light the mysteries of booking proved reserves Other On the Money AN OPEN STREET-IF NEEDED Brian Toal