20.

21.

22.

23.

Federal Energy Organization, a staff analysis, U.S. Senate Committee on
Interior and Insular Affairs, 1973, pp. 22-23.

Lovejoy, Wallace F. and Homan, Paul T. Methods of Estimating Reserves of
Crude Oil, Natural Gas, and Natural Gas Liquids, Resources for the Future, Inc.,
Washington, D.C., 1965, p. 24.

Ibid., p. 27.

Concentration by Competing Raw Rual Industries in the Energy Market and its
Impact on Small Business, Vol. 3, A Report of the Subcommittee on Special
Small Business Problems of Select Committees on Small Business of the House of
Representatives. 92nd Congress, September, 1972.

55-817 O 75 pt. 2 62

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Committee on Statistics: Functions (1) prepares for Board approval policies on API compilation and publication of statistics; (2) provides policy direction for the API Division of Statistics and API committees engaged in statistical activities; (3) conducts studies of adequacy of industry statistical programs; and, (4) reports to the Board on API statistical activities.

Statistics Coordinating Committee: Function

coordinates assignments of committees and

insures consistency of statistics reported throughout API organization.

Petroleum Statistics Liaison Group: Function meets periodically in an advisory capacity with Statistics Coordinating Committee to review current statistical programs and propose new and revised information systems.

Committee on Well & Drilling Statistics: Function reviews and evaluates statistical series pertaining to wells, drilling, and exploratory activities; recommends procedures and sources of well and drilling data.

Committee on Reserves & Productive Capacity: Function
U. S. crude oil reserves and productive capacity.

prepares annual estimates of

Committee on Expenditures & Revenues: Function reviews and evaluates statistical series pertaining to drilling costs, and estimated expenditures and receipts of U. S. oil and gas producing industry; recommends procedures and sources of expenditure and revenue data in the areas of exploration, development, and production.

Committee on Supply & Consumption Statistics: Function - maintains surveillance over statistics relating to crude oil, NGL, and natural gas production, crude oil and product inventories, transportation of petroleum and its products, refining output and capacity, petrochemical intermediate production, and consumption by broad categories of refinery output.

Committee on Marketing Statistics: Function maintains surveillance over data of a marketing nature, such as dealer turnover surveys, service station statistics, product price indexes, lubricant consumption by state, petroleum wax, product sales by area and class of customer, and market survey information on petroleum consumers.

Task Group on Definitions: Function reviews definitions used by various API statistical committees and other agencies; develops standard definitions recommended for statistical purposes and promotes their use by various committees and agencies.