MESA'S PICKENS SEES SIGNS U.S. GAS SURPLUS MAY BE SHRINKING, BUT...

Rising wellhead prices may mean the natural gas surplus that has plagued the U.S. petroleum industry is shrinking because of sliding deliverability and increasing demand. But that doesn't mean gas producers can be certain of better times ahead. So says Boone Pickens, chief executive officer of MESA Inc., Dallas. "It's clear we hit bottom early this year," Pickens said. "What's not so clear is whether the recent increase in prices will hold long term and return to levels necessary

Oct 5th, 1992
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