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Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, March 9–10, 1989
Paper Number: SPE-18930-MS
... the phenomenon of the disappearing independent. As you can see, in 1979 First Boston calculated the independent universe at 63 companies; as of 1988 that number has been reduced to only 20. Putting aside this bit of history with which I am sure you are all too intimately familiar, the question becomes...
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