Worldwide Oil and Gas Production and Reserves, Phillips

  Phillips U.S. /
Foreign
Total
Percent
of U.S. /
Worldwide
Total
United States
U.S. crude oil and natural gas liquids production (million barrels)  
   Alaska 119 409 29.1%
   Lower 48 27 2,412 1.1%
       Total U.S. 146 2,821 5.2%
U.S. natural gas production (billion cubic feet)  
   Alaska 123 459 26.8%
   Lower 48 302 18,469 1.6%
       Total U.S. 426 18,928 2.3%
  (million barrels of oil equivalent)  
U.S. crude oil, natural gas liquids, and natural gas reserves 5,277a 59,469 8.9%
 
Foreign
  (million barrels)  
Foreign crude oil and natural gas liquids production 96 23,392 0.4%
Foreign crude oil and natural gas liquids reserves 1,171 1,004,129 0.1%
  (billion cubic feet)  
Foreign natural gas production 516 63,307 0.8%
Foreign natural gas reserves 6,364 5,004,394 0.1%
a Value derived from Phillips Petroleum and Atlantic Richfield Company press releases and stockholder disclosures.
Note: The Energy Information Administration converts natural gas to oil equivalent at the rate of 1 thousand cubic feet of natural gas equals 0.178 barrels of crude oil.
Sources: U.S. Production and Reserves: Company Information: "Phillips More Than Triples Fourth-Quarter Net Operating Income to $701 Million," Phillips Petroleum, News Release (January 25, 2001); and Atlantic Richfield Company, 1999 Annual Report on Form 10-K; U.S. Totals: Energy Information Administration, U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Reserves 1999 Annual Report, DOE/EIA-0216(99). Foreign Production and Reserves: Company Information: John S. Herold, Inc., Oil and Gas Reserve Disclosures, 1999; Foreign Totals: BP Amoco PLC, BP Amoco Statistical Review of World Energy (June 2000).

Last Updated on 02/06/2001
By Financial Analysis Team
Email: neal.davis@eia.doe.gov