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.

Phillips Petroleum - Conoco U.S. Crude Oil and Natural Gas Reserves and Production, 2000

  Phillips
Petroleum		 Conoco ConocoPhillips
Total		 U.S. Total Share of
U.S. Total
Phillips
Petroleum		 Conoco ConocoPhillips
Total
(million barrels) (percent)
U.S. oil and natural gas liquids production 95.3 29.0 124.3 2,801 3.4% 1.0% 4.4%
U.S. oil and natural gas liquids reserves 2,010.0 249.0 2,259.0 30,390.0 6.6% 0.8% 7.4%
  (billion cubic feet) (percent)
U.S. dry natural gas production 338.7 298.0 636.7 19,219.0 1.8% 1.5% 3.3%
U.S. dry natural gas reserves 6,090.0 2,061.0 8,151.0 177,427.0 3.4% 1.2% 4.6%

Note: Reserves are at year-end.

Sources: Company information: Phillips Petroleum Company, 2000 report to the Securities and Exchange Commission on Form 10-K and Conoco Inc. 2000 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 U.S. totals: Energy Information Administration, Advance Summary: U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Reserves 2000 Annual Report (November 2001), Table 1 (publication is in pdf format).

 

Get Acrobat Reader

 


Last Updated on 11/20/2001
By Financial Analysis Team, Office of Energy Markets and End Use, Energy Information Administration
Email: neal.davis@eia.doe.gov