Unocal Corporation (NYSE: UCL) said it replaced 149% of its 2003 natural gas and crude oil production through discoveries and extensions, improved recovery and revisions. The company said its drilling program in 2003 not only replaced production, but added almost enough new reserves to offset the sale of 98 million barrels of oil equivalent (BOE)….
COMPANY: Unocal says it replaced 149% of 2003 production ‘through the drillbit’
Posted on February 10, 2004 by EnergyAsia