Just how bad will the natural gas bust get? More reports of reduced earnings, slashed budgets, and restructurings crop up in the wake of the lowest North American gas prices in years. John S. Herold Inc., Greenwich, Conn., expects U.S. gas prices to hit a 12 year low in 1991 and projects a bleaker outlook for Canadian gas prices. Its survey of 137 U.S. gas producers and 59 Canadian producers found 1990 U.S. gas prices rose 1% from 1989 with a weighted average of $1.76/Mcf. Average U.S. gas

Aug 12th, 1991
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