"c           VAR 0722      02230 PTRL&GAS   889-963               MD= 1E-37   "
"c           REF 0722         LOC 1420 WIDTH  9             DK  23 COL 44-52  "
"c                                                                            "
"c                                                                            "
"c              EXPENDITURES FOR PETROLEUM AND NATURAL GAS WELL DRILLING,     "
"c              CURRENT DOLLARS, SIMON KUZNETS-DEPARTMENT OF COMMERCE         "
"c              ---------------------------------------------------------     "
"c                                                                            "
"c              NBER SERIES: 02230                                            "
"c              AREA COVERED: U.S.                                            "
"c              UNITS: MILLION CURRENT DOLLARS                                "
"c              ANNUAL COVERAGE: 1889-1963                                    "
"c              QUARTERLY COVERAGE: NONE                                      "
"c              MONTHLY COVERAGE: NONE                                        "
"c              SEASONAL ADJUSTMENT: NONE                                     "
"c              SOURCE: 1889-1928: UNPUBLISHED ANNUAL ESTIMATES WHICH         "
"c              UNDERLY FIVE-YEAR MOVING AVERAGES PUBLISHED, WITH             "
"c              EXPLANATORY NOTES, IN SIMON KUZNETS,"CAPITAL IN THE           "
"c              AMERICAN ECONOMY," PRINCETON UNIVERSITY PRESS FOR NBER,       "
"c              1961, TABLES R-5, PP. 492-493; R-15, PP. 526-527; AND R-30,   "
"c              PP. 576-587. 1929-1938:"NATIONAL INCOME", 1954 EDITION,       "
"c              SUPPLEMENT TO"SURVEY OF CURRENT BUSINESS", FOOTNOTE 8 TO      "
"c              TABLE 31, P. 209. 1939-1945:"CONSTRUCTION AND BUILDING        "
"c              MATERIALS, STATISTICAL SUPPLEMENT", MAY 1954, U.S.            "
"c              DEPARTMENT OF COMMERCE, BUSINESS AND DEFENSE SERVICES         "
"c              ADMINISTRATION, TABLE 24, P. 56. 1946-1956:"U.S. INCOME AND   "
"c              OUTPUT", SUPPLEMENT TO"SURVEY OF CURRENT BUSINESS", 1958.     "
"c              1957-1963:"SURVEY OF CURRENT BUSINESS", JULY ISSUES, 1962     "
"c              AND 1964.                                                     "
"c                                                                            "
"c              NOTES: THE KUZNETS DATA WERE CALCULATED BY MULTIPLYING THE    "
"c              SERIES IN 1929 PRICES (SEE SERIES 02258) BY THE PRICE INDEX   "
"c              FOR PETROLEUM PIPE LINES. FOR 1915-28, THIS PRICE INDEX WAS   "
"c              CALCULATED FOR"CONSTRUCTION AND BUILDING MATERIALS,           "
"c              STATISTICAL SUPPLEMENT", MAY 1954, PP. 33 AND 82, AND IT WAS  "
"c              EXTRAPOLATED BACK FROM 1915 BY THE TOTAL CONSTRUCTION COST    "
"c              INDEX DESCRIBED IN KUZNETS,"NATIONAL PRODUCT SINCE 1869",     "
"c              TABLE IV-4, NOTES TO LINE 1.                                  "
"c                  THE DEPT. OF COMMERCE ESTIMATES WERE PREPARED BY THE      "
"c              BUILDING MATERIALS AND CONSTRUCTION DIVISION OF THE BUSINESS  "
"c              AND DEFENSE SERVICES ADMINISTRATION. THEY REPRESENT ALL       "
"c              COSTS OF DRILLING, INCLUDING THE COST OF CASINGS. THE COST    "
"c              OF INSTALLED PRODUCTION EQUIPMENT, SUCH AS FLOWING AND        "
"c              PUMPING EQUIPMENT, IS EXCLUDED.                               "
"c                  THE FIGURES ARE BASED ON THE COST OF DRILLING OIL AND     "
"c              GAS WELLS, AS REPORTED IN THE CENSUS OF MINERAL INDUSTRIES,   "
"c              1939 AND 1958, INTERPOLATED AND EXTRAPOLATED BY ANNUAL DATA   "
"c              ON THE NUMBER OF WELLS COMPLETED (FROM TRADE SOURCES) AND ON  "
"c              AVERAGE COST PER WELL (ESTIMATED BY THE COMPILING AGENCY).    "
"c                                                                            "
"c              ORIGINALS MISSING; NOT PROOFREAD.                             "
"c           ...............................................................  "