OVERSEAS INDEPENDENTS STEP UP EXPENDITURES FOR E&D IN U.S.

Kent H. Wall Staff Writer Non-U.S. independent operators are pouring more money into U.S. exploration and development projects, mainly along the Gulf Coast and in the Gulf of Mexico. Some of the operators are working onshore plays elsewhere in the U.S. Major reasons given by executives for the flow of non-U.S. capital are the country's ready infrastructure, accessible lease market, and intriguing new plays. Low taxes and stable government conditions have some effect, but in an age of Soviet

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