Welcome to the U.S. 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
U.S. Crude Oil and Natural Gas Reserves and Production, 2001

  Devon
Energy		 Ocean
Energy		 Combined U.S. Total Share of
U.S. Total
Devon
Energy		 Ocean
Energy		 Combined
(million barrels) (percent)
U.S. oil and natural gas liquids production 32 10 42 2,805 1.1 0.4 1.5
U.S. oil and natural gas liquids reserves 243 116 359 30,439 0.8 0.4 1.2
  (billion cubic feet) (percent)
U.S. dry natural gas production 376 152 528 19,779 1.9 0.8 2.7
U.S. dry natural gas reserves 2,399 1,578 3,977 183,460 1.3 0.9 2.2

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; U.S. totals: Energy Information Administration, U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Reserves 2001 Annual Report (pdf format).

 

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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