Robert J. BeckEconomics Editor Joan Biggs OGJ Energy Database The Oil & Gas Journal group of 22 large U.S. oil and gas companies produced more gas, less oil and natural gas liquids, and drilled 22.7% fewer net wells in 1989 than in 1988, analysis of their annual reports shows. The group's world gas reserves were slightly higher at yearend 1989 and world liquids reserves slightly lower than at the end of 1988. The group's crude runs to stills were up a combined 0.9% from the 1988 figure, and refined product sales were 1.6% higher. Higher crude oil prices boosted the group's upstream earning...

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