U.S. independents still riding high on pricesPetroleum News survey shows first-quarter profits to rise 6 percent from previous quarter, up 28 percent from year ago Ray Tyson Petroleum News Houston Correspondent
Profits for U.S.-based exploration and production independents, supported by an exceptionally strong oil and gas price environment, continued to rise on average in the 2005 first quarter, according to a Petroleum News survey of Thompson-First Call earnings estimates for 20 sector leading E&P compani....
[additional news subjects in this story]
Largest gains expected from Kerr-McGee Unocal being taken over by ChevronTexaco Newfield down from previous quarter Magnum Hunter being acquired by Cimarex
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