ARCO Decision Dramatically Cuts Proven U.S. Natural Gas Reserves

By Robinson, Robin | THE JOURNAL RECORD, September 3, 1986 | Go to article overview

ARCO Decision Dramatically Cuts Proven U.S. Natural Gas Reserves


Robinson, Robin, THE JOURNAL RECORD


Proven U.S. natural gas reserves dropped dramatically last year because Arco dropped Northern Alaska natural gas from its proven reserves, according to Salomon Brothers' annual survey.

The 30 energy companies surveyed in the study replaced only 78 percent of their natural gas production and 57 percent of their crude oil production, before revisions and purchases.

Worldwide reserves fell from 74.1 billion barrels of oil equivalent in 1978 to 67 billion barrels of oil equivalent by December 1985. This is an average yearly decline of 1.4 percent. . .

- Oil and natural gas drilling permits in the United States through August totaled 28,480, a decline of 49 percent from the 1985 eight-month total, according to Petroleum Information.

Permits for new exploration were 2,827 for the 1986 eight-month period, a drop of 53 percent.

Permits for wells in search of new pays in existing fields were down 47 percent, to 3,445 compared to 6,482 for the first eight months of 1985.

Development well drilling permits numbered 22,208, a decline of 48.8 percent. . .

- Completions for domestic oil and natural gas wells for the first half of 1986 dropped 25 percent compared to the same period in 1985, according to the American Petroleum Institute.

For 1986, oil well completions numbered 13,923; natural gas wells, 5,075; and dry holes, 8,034, for a total of 27,032.

For the same period in the previous year, oil well completions numbered 18,714; natural gas wells, 6,578; and dry holes 10,762, for a total of 36,054.

The percentage decline in the categories was 26 percent for oil well completions; 23 percent for natural gas wells; and 25 percent for dry holes. Total decrease for the first eight months was 25 percent. . .

- Good Cents, a Public Service Company of Oklahoma energy efficiency program, will be used to make three new Tulsa-area convenience stores more efficient.

The program starts at the beginning of a project with the companies making suggestions for the businesses to save money on energy costs at the design stage.

The utility uses a computer analysis to calculate the anticipated savings of construction under the program's guidelines. A savings of 10 to 50 percent on commercial customers' heating and cooling costs can be realized through the program. The amount of savings is determined by which options customers choose. The most cost savings can be realized by installation of an energy efficient heat pump.

Lighting, controllable ventilation and levels of insulation in the ceiling, walls and floor are also improvements made by the program. . .

- The Energy Advocates will participate in an ""Industry Update Breakfast'' Oct. 7.

The four Tulsans, James L. Houghton, John A. Brock, J.M. Graves and Richard A. Williford, will discuss the southwestern oil and gas economic crises with Washington media members. . .

- A Forum on Major Natural Gas Issues will be held Oct. 15-16 at the Royal Sonesta Hotel in New Orleans. The forum is sponsored by the Interstate Oil Compact Commission.

Speakers will discuss a wide variety of topics, including regulatory changes in Louisiana and Texas, natural gas supply and demand projections, an explanation of Federal Energy Regulatory Commission Orders 436 and 451, and the independent natural gas producer's adjustment in marketing.

Registration is $150 per person or $35 for state government personnel. . .

- The annual meeting of the Oklahoma-Kansas Division of the Mid-Continent Oil and Gas Association will be held Oct. 7-8 at the Excelsior Hotel, Tulsa.

James A. Middleton, president of Arco Oil and Gas Co., will be the main speaker, discussing opportunities in oil and gas drilling, development and production in the mid-continent region. He will also address actions needed from industry and government to maintain a healthy energy industry. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

ARCO Decision Dramatically Cuts Proven U.S. Natural Gas Reserves
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.