News from the Oklahoma Corporation Commission

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FOR IMMEDIATE RELEASE Contact: Patrick K. Petree Reference: O&G72899-54

Conference and Hearing Set to Consider Gas Production Caps

OKLAHOMA CITY – The Oklahoma Corporation Commission will conduct a technical conference on Monday, Aug.2, and a public hearing on Thursday, Aug. 26, to consider production limits for unallocated gas wells for the last quarter of 1999 and the first quarter of 2000.

The present limits are 65 percent of wellhead open flow potential or 2 million cubic feet of gas per day. They were approved for April through September, the second and third quarters of 1999.

Production limits on high-volume wells are designed to give all gas producers an opportunity to share in the available market for natural gas. Commission rules require a review of production limits twice each year.

The technical conference will begin 1:30 p.m. in Room 105 of the Jim Thorpe Bldg., 2101 N. Lincoln Blvd. Oklahoma City.

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