Results Posted By OGJ200 Companies Illustrate Depth Of Downturn In 1998

The depth of the decline that hit the oil and gas industry in 1998 is reflected in the financial and operating results posted by the companies on the OGJ200 list of publicly traded oil and gas producing companies in the U.S.All financial indicators for the group hit record lows for the 16-year history of OGJ group listings. And most operating indicators were down from the previous year.Almost two-thirds of the companies on the list posted losses in 1998. And few companies posted gains in net income or stockholder's equity. Only 3 of the 200 companies met the qualifications to be included on the OGJ200 list of fastest-growing companies. Click here to enlarge imageNet income for the OG...

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