GAS PRICES SPARK E&P SPENDING

Salomon Bros. Inc.'s midyear survey of 1993 oil and gas exploration and production spending shows significant spending hikes in the U.S. and Canada. They are prompted mainly by higher wellhead gas prices, the New York investment firm said. Outside North America, spending levels are still slated to dip slightly from 1992 levels. Overall, Salomon Bros.' survey suggests a moderate year to year increase in worldwide spending vs. roughly flat spending levels indicated 6 months earlier (OGJ,

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