Calculated

Exploration and production (E&P) reserve life, calculated as developed and undeveloped proven reserves divided by the last 12 months production, offer investors more assurance of superior long term production growth over the traditional finding and development (F&D) costs, according to a report by Southwest Securities’ analysts.

Consolidated Natural Gas Co.’s CNG Energy Index calculatedresidential heating and cooling energy needs averaged 7.7% belownormal for the country over the winter heating season (Nov. 1-March31). There were wide variations across the country, however, withabove normal energy needs in the Southwest and Lower MississippiValley.