U.S. natural gas stood out as particularly poor as ChevronTexaco reported its worst performance in years when it came to replacing production.
148
Chevron Cut Gas Reserves Again
US oil company ChevronTexaco Corp. cut its U.S. natural gas reserves
US oil company ChevronTexaco Corp. cut its U.S. natural gas reserves by 13 percent in 2004, the third year in a row.
Chevron, pointing to problems in the Gulf of Mexico and the U.S. Midcontinent, cut its stated by 680 billion cubic feet, which equals 3 percent of the company's worldwide natural gas reserves, according to its annual report filed Thursday.
The company reported downgrades in 2002 and 2003 for similar reasons.
U.S. natural gas stood out as particularly poor as ChevronTexaco reported its worst performance in years when it came to replacing production.
U.S. natural gas stood out as particularly poor as ChevronTexaco reported its worst performance in years when it came to replacing production.
Подпишитесь
