OIL AND GAS: Dueling reports depict U.S. energy industry on upswing Edward Klump, E&E reporter Published: Wednesday, June 25, 2014 HOUSTON -- Profits and reserves rose in 2013, even as spending dropped. Please subscribe to EnergyWire to read the full story. Username: Password: Forgot your access codes? Recover them. Not a subscriber? Sign up for a trial. Ready to subscribe? Click here.