After several years being hard up for cash because gas and oilwere dirt cheap, producers are now rolling in the dough. Severalmore reported record financial results for the fourth quarter andfull year last week because of extremely high natural gas and crudeoil prices and rising production. EOG Resources, Louis DreyfusNatural Gas and Equitable Resources all hit the jackpot withmassive earnings increases from the year prior.
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Producers Go from Rags to Riches
After several years being hard up for cash because gas and oilwere dirt cheap, producers are now rolling in the dough. Severalmore reported record financial results for the fourth quarter andfull year yesterday because of extremely high natural gas and crudeoil prices and rising production. EOG Resources, Louis DreyfusNatural Gas and Equitable Resources all hit the jackpot withmassive earnings increases from the year prior.
February 8, 2001
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