INDEPENDENTS' GROUP POSTS LOSS

Valerie Sanders Statistics Editor Robin Buckner Price Staff Writer Low oil and gas prices and special charges caused the group of 50 U.S. independent producers Oil & Gas Journal tracks to post a combined loss in first half 1992. The group logged a net loss of $53 million in the first half compared with net earnings of $354 million in first half 1991, when higher oil prices during the Persian Gulf crisis buoyed earnings in spite of crude oil and natural gas production declines.

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