Louis Dreyfus Natural Gas Corp. has announced a 23% increase inreserves, to 1.8 Tcf equivalent in 2000, including 1.6 Tcf ofnatural gas and 33 million barrels of crude oil. The year-endpresent value, discounted at 10%, of estimated future net revenuesfrom proved reserves was $3.7 billion, a $2.7 billion increase overthe prior year-end reserve value. Drilling and acquisitionactivities added 479 Bcfe or 350% of production. Proved reserveadditions from drilling were 275 Bcfe, which replaced over 200% ofproduction at an estimated finding cost of $.87 per Mcfe, andproved reserve acquisitions added 204 Bcfe at a cost of $.82 perMcfe. Louis Dreyfus drilled 461 wells in 2000, with an overallsuccess rate of 93%.

©Copyright 2001 Intelligence Press Inc. All rights reserved. Thepreceding news report may not be republished or redistributed, inwhole or in part, in any form, without prior written consent ofIntelligence Press, Inc.