MANAGEMENT PERSPECTIVE HOW TO CUT COSTS 1990S STYLE

Phillip A. Ellis Vice President Booz*Allen & Hamilton Paris Mark Gallion Senior Associate Booz*Allen & Hamilton Dallas Continued weakness in the U.S. oil and gas industry is leading to yet another round of cost reduction. In recent months, more than 15 large producers have announced significant plans to reduce costs. We expect this trend to accelerate during 1992 as low U.S. gas prices and $18-20/bbl oil prices take their toll on financial performance.

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