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GENERAL INTEREST — Quick Takes Fitch: US firms' FD&A costs up moderately Despite sharply rising drilling and service costs, the costs per barrel of finding, developing, and acquiring (FD&A) oil and natural gas increased moderately in 2011 and remain below levels of 2008, says Fitch Ratings. The median FD&A cost among 19 of the largest US exploration and production companies rose to $18.51/boe in 2011 from $14.89/boe in 2010, according to the credit-rating firm. The 2008 median was $20.31/boe. Average FD&A costs for the sample were $20.57/boe in 2011, $18.23/boe in 2010, and $26.59/boe in 2008. "A key factor limiting the scope of FD&A increases is technology impr...

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