TRANSCO, MITCHELL OUTLAYS FOCUS ON GAS WORK
A resurgent U.S. gas industry is reflected in spending plans by two large independent Texas companies. Transco Energy Co., Houston, earmarked about 70% of its 1990 outlays for gas pipelines and gas related businesses. Mitchell Energy Development Corp., The Woodlands, Tex., boosted its budget for relocating gas processing facilities, connecting gas wells to pipelines, and other activities. Transco hiked its capital budget to $475 million for 1990 from $466 million spent in 1989.