Report: US independents' finding costs rose nearly 35% in 2000

Finding and development costs among 55 independents rose nearly 35% last year because of higher oil field service costs and higher acquisition prices, Salomon Smith Barney Inc. reported Tuesday. Analysts Robert Morris and Michael Schmitz said independents' finding and development costs were $6.05/boe last year, up from $4.53/boe in 1999.

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