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Annual Energy Review

Release Date: October 19, 2011 
Next Update: August 2012

Table 4.10  Major U.S. Energy Companies' Expenditures for Crude Oil and Natural Gas Exploration and Development
                   by Region, 1974-2009  (Billion Dollars 1)




Year		 United States Foreign



Total


Onshore

Offshore

Total

Canada

Europe 2

Eurasia 3

Africa
Middle
East		 Other
Eastern
Hemisphere 4		 Other
Western
Hemisphere 5

Total
1974
 NA NA 8.7 NA NA – – NA NA NA NA 3.8 12.5
1975
 NA NA 7.8 NA NA – – NA NA NA NA 5.3 13.1
1976
 NA NA 9.5 NA NA – – NA NA NA NA 5.2 14.7
1977
 6.7 4.0 10.7 1.5 2.5 – – .7 .2 .3 .4 5.6 16.3
1978
 7.5 4.3 11.8 1.6 2.6 – – .8 .3 .4 .6 6.4 18.2
1979
 13.0 8.3 21.3 2.3 3.0 – – .8 .2 .5 .8 7.8 29.1
1980
 16.8 9.4 26.2 3.1 4.3 – – 1.4 .2 .8 1.0 11.0 37.2
1981
 19.9 13.0 33.0 1.8 5.0 – – 2.1 .3 1.9 1.3 12.4 45.4
1982
 27.2 11.9 39.1 1.9 6.3 – – 2.1 .4 2.4 1.1 14.2 53.3
1983
 16.0 11.1 27.1 1.6 4.3 – – 1.7 .5 2.0 .6 10.7 37.7
1984
 32.1 16.0 48.1 5.4 5.5 – – 3.4 .5 2.0 .5 17.3 65.3
1985
 20.0 8.5 28.5 1.9 3.7 – – 1.6 .9 1.3 .7 10.1 38.6
1986
 12.5 4.9 17.4 1.1 3.2 – – 1.1 .3 1.2 .6 7.5 24.9
1987
 9.7 4.5 14.3 1.9 3.0 – – .8 .4 2.8 .5 9.2 23.5
1988
 12.9 8.1 21.0 5.4 4.3 – – .8 .4 1.4 .7 13.0 34.1
1989
 9.0 6.0 15.0 6.3 3.5 – – 1.0 .4 2.3 .6 14.1 29.1
1990
 10.2 4.9 15.1 1.8 6.6 – – 1.4 .6 2.4 .7 13.6 28.7
1991
 9.6 4.6 14.2 1.7 6.8 – – 1.5 .5 2.4 .7 13.7 27.9
1992
 7.3 3.0 10.3 1.1 6.8 – – 1.4 .6 2.4 .6 12.9 23.2
1993
 7.2 3.7 10.9 1.6 5.5 .3 1.5 .7 2.5 .6 12.5 23.5
1994
 7.8 4.8 12.6 1.8 4.4 .3 1.4 .4 2.8 .7 11.9 24.5
1995
 7.7 4.7 12.4 1.9 5.2 .4 2.0 .4 2.4 .9 13.2 25.6
1996
 7.9 6.7 14.6 1.6 5.6 .5 2.8 .5 4.1 1.6 16.6 31.3
1997
 13.0 8.8 21.8 2.0 7.1 .6 3.0 .6 3.0 1.6 17.9 39.8
1998
 13.5 11.0 24.4 4.8 8.6 1.3 3.1 .9 3.9 3.7 26.4 50.8
1999
 6.6 6.9 13.5 2.1 4.1 .6 3.1 .4 3.4 3.8 17.5 31.0
2000
 27.1 21.0 48.0 4.9 7.5 .9 2.7 .6 6.8 5.4 28.8 76.8
2001
 24.2 9.6 33.9 15.3 5.4 .9 5.5 .7 5.0 3.1 35.9 69.8
2002
 22.3 9.5 31.8 6.7 9.8 1.3 5.1 .8 6.2 1.6 31.4 63.2
2003
 14.9 12.5 27.4 4.9 5.7 2.1 9.2 1.0 4.2 1.1 28.2 55.6
2004
 22.1 10.5 32.6 5.3 4.4 2.0 6.9 1.3 3.8 1.6 25.3 57.9
2005
 35.5 11.3 46.8 9.1 6.1 6.3 10.7 1.5 12.0 1.7 47.3 94.1
2006
 70.2 26.8 97.1 17.0 2 9.0 3 2.4 12.9 3.1 6.6 8.2 59.2 156.2
2007
 50.8 14.1 64.9 5.8 8.1 2.9 12.5 3.2 6.8 3.4 42.7 107.6
2008
 R 76.8 21.5 R 98.2 6.4 8.4 3.2 14.2 4.5 9.6 4.1 50.3 R 148.6
2009
 39.8 13.6 53.4 8.6 8.3 3.0 13.9 2.1 8.8 2.9 47.7 101.0
1Prices are not adjusted for inflation.  See "Nominal Dollars" in Glossary. R=Revised.  NA=Not available.  – – =Not applicable.  
2Through 2005, includes Austria, Belgium, Denmark, Finland, France, Germany (the Federal Republic
of), Greece, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland,
Turkey, and the United Kingdom.  Beginning in 2006, includes all Europe except countries that were part of
the former U.S.S.R.  See "Union of Soviet Socialist Republics (U.S.S.R.)" in Glossary. 		 Notes:  ·  "Major U.S. Energy Companies" are the top publicly-owned, U.S.-based crude oil and
natural gas producers and petroleum refiners that form the Financial Reporting System (FRS).  See
http://www.eia.gov/finance/performanceprofiles/CoList.html.  ·  Totals may not equal sum of components due
to independent rounding.
3Through 2005, includes countries that were part of the former U.S.S.R. as well as Albania, Bosnia and
Herzegovina, Bulgaria, Croatia, Czech Republic, Macedonia, Serbia and Montenegro, Slovakia, and
Slovenia.  Beginning in 2006, includes only countries that were part of the former U.S.S.R.  See "Eurasia"
and "Union of Soviet Socialist Republics (U.S.S.R.)" in Glossary. 		 Web Page:  For related information, see http://www.eia.gov/finance/.
4This region includes areas that are eastward of the Greenwich prime meridian to 180° longitude and
that are not included in other domestic or foreign classifications.		 Sources:  ·  1974-1976—U.S. Energy Information Administration (EIA), Office of Energy Markets and End
Use, FRS Database, November 1997.  ·  1977 forward—EIA, Performance Profiles of Major Energy
Producers, annual reports.
5This region includes areas that are westward of the Greenwich prime meridian to 180° longitude and
that are not included in other domestic or foreign classifications.