January 26, 2000 [Fair Use: For Education and Research Purpose Only]

[a href= "http://www.oilonline.com/news/news_domestic_inquirer_pa012600.html"]

Pioneer Natural Resources Co. announced that its total proved oil and gas reserves were 605 million barrels oil equivalent (MMBOE) including 293 million barrels (MMBLS) of crude oil and natural gas liquids and 1,876 billion cubic feet (BCF) of natural gas. Discounted future net cash flow (present value at 10%) was $2.9 billion at year end. In 1999, the Company added 91 MMBOE of proved reserves and, as part of its financial strategy to reduce debt and streamline its overall cost structure, sold 111 MMBOE of oil and gas reserves. Proved developed reserves account for 81% of total proved reserves.

-- Dee (T1Colt556@aol.com), January 26, 2000

Answers

Just why in the hell are you posting this? What is your point. This forum is dying. So sad.

-- Leonard Chmielecki (Chmielecki@worldnet.att.net), January 26, 2000.

My Dear Mr. Leonard, if the "dying" factor is true, why do you post to prolong the threads? You are increasing the "bandwidth", I believe the phrase is called....

-- Just Curious (aboutyour@im.com), January 26, 2000.

What Dee is establishing here is FORCE MANEURE: that there's plenty of crude oil to go around. They just can't get it through the blasted out, ruptured, shut-down, decimated refineries. I think.

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-- Squirrel Hunter (nuts@upina.palmtree), January 26, 2000.

In a "nutshell" Squirrel Hunter. =)

-- Dee (T1Colt556@aol.com), January 26, 2000.