Oil companies adjusting to unpredictable price swingsArthur Anderson annual exploration, production report shows spending rose 5 percent in 1998, despite dip in crude prices Mark Babineck Associated Press Writer
With oil prices volatile as ever, the successful companies are those that can benefit from both the booms and the busts, an industry analyst said in releasing an annual production survey.
Victor A. Burk, managing director of energy industry services for Arthur Andersen, said continued price uncerta....
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Capital spending up in 1998 Spending down in 1999
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