Gulf looks good for oil, not gasMMS concerned about rapid decline in Gulf of Mexico’s gas production Petroleum News Houston Staff
Oil production in the Gulf of Mexico is expected to increase steadily through 2006 while the outlook for natural gas remains bleak, according to the U.S. Minerals Management Service’s latest five-year projections released May 5.
In fact, MMS has expressed deep concern over the rapid decline in natu....
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Outlook for oil brighter
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