Word: bbl
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Dates: during 1980-1989
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...domestic exploration and production between 1976 and 1980, its U.S. reserves declined by 6% in the past five years. Buying Marathon could increase Mobil's American oil supplies by 75%. For example, the Yates Field in West Texas, where Marathon owns a half-interest, now produces 100,000 bbl...
...pipeline has been that the country needs Alaska's gas in order to become more energy independent. The 26 trillion cu. ft. under Alaska's North Slope are equal to 13% of U.S. proven reserves and could reduce foreign-oil imports by at least 400,000 bbl...
...share for 40 million shares, 67% of the total, and proposed some other trimmings as well, pushing its offer to $5.1 billion. But that was nowhere near the $200 each that some analysts assigned to Marathon, considering the size of its proven oil reserves of 1.1 billion bbl. The U.S. Steel bid of an average $106 per share was still below those estimates...
...country altogether. But last week an oil company reversed roles and walked out on the colonel. Exxon announced that it was withdrawing all its oil and gas operations from Libya. The company will turn over to Gaddafi its 49% stake in oilfields capable of producing 150,000 bbl. per day, plus a refinery and natural gas complex near the port city of Brega. Estimated value of Exxon's loss: $50 million to $100 million...
...departing abruptly from Libya or to say whether it would receive compensation for its property. The company's relations with Gaddafi's regime have been openly hostile for months. Last June the oil company complained that Libya's premium price of $41 per bbl. was outrageous and began sharply curtailing production from its Libyan wells. At the same time the company was worried because some of its workers at the Brega facilities were being forced out of their homes to provide more housing for soldiers in Gaddafi's growing army...