LOW GAS PRICES SLOW ACTION IN GULF OF MEXICO

A.D. Koen Gulf Coast News Editor Fears that low gas prices will persist in the U.S. are putting a damper on exploration and development in the Gulf of Mexico. But the gulf's Central and Western areas remain the most accessible parts of the U.S. federal offshore. The Bush administration's Outer Continental Shelf lease sale schedule for 1992-97 retains area-wide leasing for the Gulf of Mexico's two main producing regions. It generally restricts leasing elsewhere.

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