MRO » Topics » F-49

This excerpt taken from the MRO 8-K filed Sep 7, 2007.

F-49



Summary of Changes in Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves

(In millions)

  2006
  2005
  2004
 

 
Sales and transfers of oil and gas produced, net of production, transportation and administrative costs   $ (5,312 ) $ (3,754 ) $ (2,689 )
Net changes in prices and production, transportation and administrative costs related to future production     (1,342 )   6,648     771  
Extensions, discoveries and improved recovery, less related costs     1,290     700     1,349  
Development costs incurred during the period     1,251     1,030     609  
Changes in estimated future development costs     (527 )   (552 )   (628 )
Revisions of previous quantity estimates     1,319     820     948  
Net changes in purchases and sales of minerals in place     30     4,557     33  
Accretion of discount     1,882     1,124     757  
Net change in income taxes     (660 )   (6,694 )   (627 )
Timing and other     (14 )   307     97  

 
Net change for the year     (2,083 )   4,186     620  
Beginning of year     10,601     6,415     5,795  

 
End of year   $ 8,518   $ 10,601   $ 6,415  
Net change for the year from discontinued operations   $ (216 ) $ 162   $ (152 )

 
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