Predictions

Despite predictions of waning gas supplies and worries over Gulfof Mexico production potential from some, several companies aretouting boom years for reserve replacement with some settingrecords. The strong reserve replacement came in a year when gasproduction is said to have seen only a modest increase of abouthalf a Bcf. Much of the good news for reserve replacement comesfrom oil and international operations, but domestic gas fared well,too, according to some company reports.