U.S. E&P key indicators up sharply in 1997

U.S. Capital Spending [33,864 bytes] U.S. Property Acquisition Costs [33,783 bytes] U.S. Proved Reserves [66,617 bytes] U.S. Reserve Replacement Costs [32,236 bytes] U.S. Revenues, Profits, Ego Costs [42,713 bytes] U.S. Production Rates, Cost [39,722 bytes] The upswing in the U.S. exploration and production sector continued to register strongly in 1997, as shown by a number of key indicators. Total U.S. upstream expenditures of the top 49 U.S. oil and gas companies, including acquisitions of proved properties, jumped 43% to $30.4 billion in 1997, according to a joint study by John S. Herold Inc. and Arthur Andersen. U.S. proved oil reserves of the l...

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