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Our international operations also may be
adversely affected by the laws and policies of the United States
affecting foreign trade, taxation and investment. In addition, if
a dispute arises with respect to our foreign operations, we may
be subject to the exclusive jurisdiction of foreign courts or may
not be successful in subjecting foreign persons to the jurisdiction
of the courts of the United States.
The threat and impact of terrorist attacks
or similar hostilities may adversely impact our operations.
We cannot assess the extent of either the
threat or the potential impact of future terrorist attacks on the
energy industry in general, and on us in particular, either in the
short-term or in the long-term. Uncertainty surrounding such hostilities
may affect our operations in unpredictable ways, including the possibility
that infrastructure faculties, including pipelines and gathering
systems, production facilities, processing plants and refineries,
could be targets of, or indirect casualties of, an act of terror
or war.
Item 1B. Unresolved Staff Comments
None.
Glossary of Certain Industry Terms
The definitions set forth below shall apply
to the indicated terms as used herein. All volumes of natural gas
referred to herein are stated at the legal pressure base of the
state or area where the reserves exist and at 60 degrees Fahrenheit
and in most instances are rounded to the nearest major multiple.
After payout. With respect
to an oil or gas interest in a property, refers to the time period
after which the costs to drill and equip a well have been recovered.
Bbl. One
stock tank barrel, or 42 U.S. gallons liquid volume, used herein
in reference to oil or other liquid hydrocarbons.
Bbls/d.
Stock tank barrels per day.
Bcf. Billion
cubic feet.
Bcfe. Billion
cubic feet equivalent, determined using the ratio of six Mcf of
natural gas to one Bbl of oil, condensate or natural gas liquids.
Before payout.
With respect to an oil or gas interest in a property, refers
to the time period before which the costs to drill and equip a well
have been recovered.
Btu or British
Thermal Unit. The quantity of heat required to raise the
temperature of one pound of water by one degree Fahrenheit.
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