Welcome to the foreign oil and gas production and reserves table of the U.S. Energy Information Administration overview of aspects of the merger of Phillips Petroleum Company and Conoco Inc. The merger was announced November 19, 2001 and is an all-stock transaction valued at $15.2 billion. This transaction creates the sixth-largest oil and natural gas company in the world. For further information please call the National Energy Information Center at (202) 586-8800.

Devon Energy and Ocean Energy
Foreign Crude Oil and Natural Gas Reserves and Production, 2001

  Devon
Energy		 Ocean
Energy		 Combined Foreign Total Share of
Foreign Total
Devon
Energy		 Ocean
Energy		 Combined
(million barrels) (percent)
Foreign oil and natural gas liquids production 20 17 37 24,373 0.1 0.1 0.2
Foreign oil and natural gas liquids reserves 343 189 532 1,019,600 0.0 0.0 0.1
  (billion cubic feet) (percent)
Foreign dry natural gas production 122 10 132 67,374 0.2 0.0 0.2
Foreign dry natural gas reserves 3,078 198 3,276 5,299,300 0.1 0.0 0.1

Note: Reserves are at year-end. Shares are calculated from unrounded numbers.

Sources: Company information: Devon Energy, 2001 Annual Report (pdf format, if you lack Adobe Acrobat Reader and are unable to read pdf format files, please follow the Adobe link below to download the free software) and Ocean Energy, 2001 Annual Report; Foreign totals: BP, BP Statistical Review of World Energy.

 

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Last Updated on 2/24/2003
By Financial Analysis Team, Office of Energy Markets and End Use, Energy Information Administration
Email: larry.spancake@eia.doe.gov