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	RPR POINTS

U.S. energy future: gas, not oil

Gas supply declining rapidly, demand increasing slightly

Balance coming in 1990; 10-year bubble

Shortages this winter

Smooth sledding to $2.50, then slower rise. . .competition

Price predictions: $3/Mcf in 1990; $5 by mid-’90s. . .will sell at a premium

MLP geared for gas future; 80% of that in Hugoton, Panhandle fields

Shallow, long-lived. . .18.4 years, among longest in industry

KP&L expiring; infill; 450 other locations