Purpose
The U.S. oil and gas industry has undergone substantial changes in ownership structure since the oil price crash of 1986.
Changes over the 1986-1993 period were presented and analyzed in a 1995 Energy Information Administration (EIA) report entitled, Oil and Gas Development in the United States in the early 1990’s: An Expanded Role for Independent Producers (“the 1995 report”).
This presentation updates the 1995 report through 1998 in response to:
-- Continued changes in industry structure
-- Five additional years of data availability.
The focus of this presentation is on contrasts between independent companies that were still in U.S. oil and gas production in 1998 (“survivors”) and independent companies that exited the industry between 1993 and 1998 (“nonsurvivors”).