Oil and Gas Development in the United States in the Early 1990's: An Expanded Role for Independent Producers

October 1995

Composition of Oil and Gas Producers

Resource Development Costs

Financial Performance of the Independent Oil and Gas Producers

Appendix

Tables

1. Lower 48 Onshore Oil Reserves and Production for Nonmajors, 1989-1993
2. Offshore Natural Gas Reserves and Production for Nonmajors, 1986-1989 and 1990-1993
3. Percent Distribution of U.S. Oil and Gas Production for Majors, Independents, and Other Producers, 1985 and 1993
4. Sources and Uses of Cash (In PDF format)
5. Average Betas for Majors and Surviving Independent Oil and Gas Producers
6. A1. Companies Reporting to the Financial Reporting System, 1977-1994 (In PDF format)

Figures

1. Percent of U.S. Oil and Gas Production, Reserves, and Exploration and Development Expenditures for Nonmajor Oil and Gas Producers
2. U.S. Oil Production by Region for Majors and Nonmajors
3. Extraction Rates for Lower 48 Onshore Oil Reserves
4. U.S. Natural Gas Production for Majors and Nonmajors
5. Offshore Development Gas Wells Completed and OCS Acreage Awarded for Nonmajors
6. Extraction Rates for Offshore Natural Gas Reserves
7. Composition of Publicly Traded Nonmajor Companies' U.S. Oil and Gas Production
8. Total Assets of Publicly Traded Independent Oil and Gas Producers
9. U.S. Reserve Replacement Costs for Majors and Publicly Traded Oil and Gas Producers
10. Overall Finding Costs for Majors and Publicly Traded Surviving Independents
11. Sources of Cash for Surviving Publicly Traded Independents
12. Total Debt to Equity for Majors, Surviving Independent Oil and Gas Producers, and the S&P 400
13. Return on Equity for Petroleum Companies and U.S. Industry
14. Ratio of Market Value to Book Value for Majors, Publicly Traded Independents, and the S&P 400
15. Effective Interest Rate for Majors and Publicly Traded Independent Oil and Gas Producers
16. Return on Equity for Publicly Traded Independent Oil and Gas Producers
17. Market Value as a Percent of Book Value for Publicly Traded Independent Oil and Gas Producers
18. Total Debt as a Percent of Stockholders' Equity for Publicly Traded Independent Oil and Gas Producers
19. Interest Expense as a Percent of Cash Flow for Publicly Traded Independent Oil and Gas Producers
20. Interest Expense as a Percent of Total Debt for Publicly Traded Independent Oil and Gas Producers

File last modified: August 25, 2000

Contact:

Jon A. Rasmussen
jon.rasmussen@eia.doe.gov
Phone: (202) 586-1449
Fax: (202) 586-9753