SAGGING SPOT MARKET PRICES SPAWN U.S. GAS FLOW CURTAILMENTS

Low wellhead prices on the spot market have prompted U.S. operators to curtail gas production. Here are some examples: Anadarko Petroleum Corp., Houston, will shut in about 150 MMcfd in Southwest Kansas, Oklahoma, West Texas, and the Gulf of Mexico. Apache Corp., Denver, curtailed substantially all of its spot market sales in Oklahoma. Sales of more than 100 MMcfd by Oklahoma's biggest independent gas producer came to a halt Feb. 1. Anadarko and Apache chief executive officers called for

More in Home