Testimony Sep 22, 1999

I am Arthur Gralla, Jr., executive vice-president of Bank One, which is located in Houston, Texas. Bank One is a national bank with an expertise in energy lending. I am here today to testify on behalf of the Independent Petroleum Association of America (IPAA) which represents the interests of our nation’s 7,000 independent producers which produce approximately 40 percent of America’s crude oil and 66 percent of America’s natural gas.