ARCO is sporting a new look upstream. Pres. Mike R. Bowlin, who succeeded Lodwrick Cook as ARCO's chief executive officer July 1, outlined the company's new upstream strategy in an interview with Oil & Gas Journal. Downstream, the company plans to stay on course with a proven successful strategy. Capitalizing on stronger natural gas prices and optimistic projections for continued demand growth, ARCO is focusing its U.S. Lower 48 exploration efforts on a search for more gas reserves, mainly in the Gulf of Mexico. The company also is giving new emphasis to exploration outside the U.S. and reevaluating its outlook on the Alaskan front. ...

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