The natural gas industry is financially strong and growing, reports
James T. Dolan Jr., immediate past chairman of the American Gas
"Stock price changes for the gas industry groups in 1988
reflected the bullishness of Wall Street with respect to our
industry. The stock prices of gas transmission companies increased
by almost 24 percent during 1988. Distribution companies were up 13
percent, combination gas and electric companies increased 12.2
percent and diversified gas companies were up 11.2 percent," said
Dolan, who is chairman and chief executive officer of New Jersey
Dolan made the comments to the New York Society of Security
The American Gas Association reports natural gas industry stocks
continue to perform well on Wall Street, with leading investments
issuing optimistic reports.
George H. Lawrence, present president of the American Gas
Association, said natural gas consumption in the United States
increased 11 percent during the past two years, the largest rise
"The nation has a rich abundance of natural gas to tap for
future growth of the American economy. Natural gas is fast becoming
the new energy cornerstone of the nation," Lawrence told the security
He said wellhead prices bottomed out in 1988 and are expected to
increase about 6 percent in 1989, with the same increase expected in
retail prices. . .
- Oil reserves of Noble Affiliates Inc. of Ardmore increased
2.6 percent or 786,000 barrels during 1988. Its total oil reserve
stood at 30.9 million barrels at year's end, reported Robert Kelley,
Noble's president and chief executive officer.
Gas reserves were increased 1.7 percent or 5.7 billion cubic
feet to a total of 337.1 billion cubic feet at the end of 1988. . .
- The promotion of John A. Hogan, executive vice president of
LASMO Energy Corp., Tulsa, to head its parent company, London and
Scottish Marine Oil PLC's North Sea oil and gas subsidiary LASMO
North Sea PLC, in London has been announced.
Hogan joined LASMO in 1981 working initially in North Sea
exploration. He was transferred to Tulsa in 1984 to manage the
company's U.S. oil and gas exploration, production and acquisition
effort. during that time, the wholly owned U. S. subsidiary has
become one of the largest contributors to the international LASMO
operation. . .
- Bob Davis has been named economic development representative
with KAMO Electric Cooperative Inc., Vinita. He formerly was
economic director of McAlester Economic Development Service.
He also had served as a project manager for the Missouri
Division of Commerce and Industrial Development. He is a graduate of
Industrial Development Institute, University of Oklahoma, and the
University of Texas, Austin.
Davis formerly was president and general manager of D.O.K. Inc.
and vice president of marketing of Barter Systems Inc., both of
Oklahoma City. . .
- Metric Corporation of Tulsa has appointed Wayne E. VanBrunt
project manager of its new Provers and Systems Division. He will be
responsible for customer relations and operations, including
manufacturing and quality control for the group.
VanBrunt formerly was senior project manager for Houston-based
Daniel Industries working with electronic and mechanical hydrocarbon
measurement systems. …