MORE HARD TIMES LIE AHEAD FOR U.S. GAS INDUSTRY

A.D. Koen Gulf Coast News Editor The U.S. gas industry is edging toward harder times as growing supplies, sluggish demand, and regulatory uncertainty continue to stifle wellhead prices. Following the 1990-91 heating season, marked by the warmest winter weather on record, U.S. gas producers were rocked last summer by still lower prices. Throughout 1991, many companies adjusted to low wellhead prices by: Shutting in or curtailing production and buying gas on spot markets to serve sales

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