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PanAmerican Operating Inc. will link and publish a combination of industry articles and publications with current information within the oil and gas industry as well as financial industry to keep up to date knowledge and information accessible to PanAm, investors and guests. Barnett Shale Field Overview 1st Quarter 2007 Energy Lender Price Survey December Monthly Energy Review - Updated January 2007 NEWS OVER THE LAST WEEK 5/18/07: Baker Hughes - U.S. rig count up 4 from last week at 1,744; up 105 year over year... Canadian rig count up 18 from last week at 121; down 146 year over year... International rig count, excluding Iran and Sudan, was 984, down 10 from March 2007; up 72 year over year... 5/17/07: Natural Gas - Spot and futures prices increased slightly this week (Wednesday-Wednesday, May 9-16), despite the usual lull in demand during this shoulder period between the winter heating and summer cooling seasons. The upward price trend likely resulted from a variety of factors, including rising prices for competing petroleum products (as evidenced by an increase in the underlying crude oil price). Additionally, concerns over current and future supplies do not appear to have eased. The official start of the hurricane season is imminent, and the first named tropical storm appeared this week. However, imports of liquefied natural gas (LNG) have increased markedly in the past few months. On the week, the Henry Hub spot price increased 16 cents per MMBtu, or 2 percent, to $7.62. At the New York Mercantile Exchange (NYMEX), the contract for June delivery increased 17.0 cents per MMBtu on the week to a daily settlement of $7.890 yesterday (May 16). EIA’s Weekly Natural Gas Storage Report today reported natural gas storage supplies of 1,842 Bcf as of Friday, May 11, reflecting an implied net injection of 95 Bcf. This level of working gas in underground storage is 20.6 percent above the 5-year average inventory for this time of year. The spot price for West Texas Intermediate (WTI) crude oil increased $1.03 per barrel on the week to $62.57 per barrel, or $10.79 per MMBtu... 5/17/07: EIA - Reported a net change of 95 BCF into the natural gas storage at 1,842 BCF vs. last year's of 2,067 BCF... 5/11//07: DOE - Reported crude oil stocks up 1.0 MMB at 342.2 MMB, distilate stocks up 1.0 MMB at 119.8 MMB, unleaded gasoline up 1.7 MMB at 195.2 MMB compared to prior week's... OTHER INTERESTING TOPICS DOE crude oil and products stocks report Texas Railroad Commission Oil and Gas Information and Data Texas Railroad Commission news releases Texas RRC Oil & Gas Monthly Production Database American Petroleum Institute news releases Energy Information Administration Petroleum Stocks and Market Reading Materials ...