Independents told to reorient in order to grow

Steven Poruban Staff Writer U.S. independent natural gas producers will have to reorient their businesses, bolster their returns on equity, and essentially regain control over the flow of their commodity to ensure a stronghold in the industry for the foreseeable future. This was at the core of a speech given last month by John E. Olson, senior vice-president of Sanders Morris Mundy's natural gas group to members of the Independent Petroleum Association of America (IPAA). Sanders Morris Mundy is a Houston brokerage firm. Olson also stressed the need for producers to pay particularly close attention to the ever-increasing demand for gas from the rapidly growing N...

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