U.S. Natural Gas Reserves Slashed

[chlamor]

Natural gas reserves slashed
ChevronTexaco makes cuts for the third consecutive year


By John M. Biers, Associated Press


Citing disappointing drilling results in two locales, ChevronTexaco Corp. slashed its U.S. natural gas reserves by 13 percent in 2004, the third year in a row in which it suffered a substantial reserves hit in the region.

Pointing to problems in the Gulf of Mexico and the U.S. Midcontinent, the San Ramon-based oil company 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.

http://www.energybulletin.net/4642.html

[beam me up scottie]

1. hmm, pipelines for a thousand, alex:

What was the resource that had us negotiating a route under Afghanistan with the taliban?