US reserve values edge higher despite fewer deals

The value of reserves in US oil and gas asset transactions increased in the fourth quarter of 2000, in spite of a lag in the number of deals completed.The weighted average oil and gas reserve value for all US transactions that were closed during the fourth quarter last year rose to $5.53/boe, compared with a revised value of $5.32/boe reached during the third quarter.Meanwhile, the median value of these deals dropped slightly from the third quarter's revised value of $5.20/boe to $5.10/boe in the fourth quarter.This is according to investment firm Cornerstone Ventures LP, Houston, in a recently released quarterly reserve report."Overall, reserve values have reached levels that haven&#...

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