In a post-mortem on 2003 U.S. natural gas production, Southwest Securities analysts concluded last week that production fell 1.1% sequentially in the fourth quarter and dropped 2.9% year-over-year. Analysts forecast a slight uptick in first quarter production, attributed to incremental high-impact gas production from deepwater Gulf of Mexico projects, but overall, 2004 production should decline 3% over last year.
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Southwest Securities Finds U.S. Production Declined 2.8% Sequentially, 4.2% Year-over-Year
A post-mortem of 3Q earnings suggests that U.S. natural gas production declined 2.8% sequentially and 4.2% year-over-year, according to a report issued on Monday by Southwest Securities.
November 24, 2003
Southwest Securities Finds U.S. Production Declined 2.8% Sequentially, 4.2% Year-over-Year
A post-mortem of 3Q earnings suggests that U.S. natural gas production declined 2.8% sequentially and 4.2% year-over-year, according to a report issued on Monday by Southwest Securities.
November 18, 2003