WARNING FLAGS HOISTED OVER GULF OF MEXICO LONGEVITY

Oil and gas development in the Gulf of Mexico is headed for trouble unless operators substantially increase drilling there. A prime oil and gas province since U.S. offshore production began ramping up more than 30 years ago, the gulf has accounted for more than 20% of U.S. gas production since 1978. Gulf oil and condensate flow since 1970 has averaged about 10% of U.S. production.

Dec 21st, 1992
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