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accounted acquisition activities Additions Annual Report areas assets average barrels capacity capital expenditures cash flow chemical coal Completed consolidated continued Corporation costs crude oil debt decline demand dollars domestic drilling early effects Energy Information Administration equipment Europe excluding Expenses exploration and development feet fell Figure Five Foreign Form EIA-28 Four FRS companies fuel gasoline growth higher included Income Taxes increased Industry interest investment Kerr-McGee late less line of business liquids lower major marketing measured million natural gas Nonenergy Note nuclear offshore oil and gas oil prices Onshore operations outlets Percent Change Performance period Petroleum pipelines plant production profitability properties purchases reduced refined product refinery refining Refining/Marketing reflected regions reserves Review segments share sold Source Standard statements Supply Table thousand Total U.S. coal U.S. Industry United Volume Washington х Х х
Page 185 - Offshore: That geographic area that lies seaward of the coastline. In general, the coastline is the line of ordinary low water along with that portion of the coast that is in direct contact with the open sea or the line marking the seaward limit of inland water.
Page 187 - Proved reserves of crude oil as of December 31 of any given year are the estimated quantities of all liquids statistically reported as crude oil, which geological and engineering data demonstrate with reasonable certainty to be recoverable in the future from known reservoirs under existing economic and Operating conditions.
Page 188 - Reserves of crude oil which can be produced economically through application of improved recovery techniques (such as fluid injection) are included in the "proved...
Page 187 - Basic and applied research in the sciences and engineering and the design and development of prototypes and processes.
Page 188 - ... liquids, the recovery of which is subject to reasonable doubt because of uncertainty as to geology, reservoir characteristics, or economic factors...
Page 181 - ... fees, recording fees, legal costs, and other costs incurred in acquiring properties. (15) Exploration costs. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratorytype stratigraphic test wells.
Page 188 - Included are No. 5, a residual fuel oil of medium viscosity; Navy Special, for use in steam-powered vessels in government service and in shore power plants; and No.
Page 184 - Associated gas is free natural gas, commonly known as gas cap gas, which overlies and is in contact with crude oil in the reservoir. Dissolved gas is natural gas which is in solution with crude oil in the reservoir at original reservoir conditions.