Winfield updates natural gas situation

The city of Winfield has given a Natural Gas Situation Update. The Winfield City Commission met on Thursday February 25th to declare a Local State of Financial Emergency due to the unprecedented natural gas pricing that occurred beginning Feb. 12th thru approx. Feb. 19th. They have no immediate supply concerns and the current daily index has returned to previous lower norm pricing around $2.70/MMBtu. Just a week ago prices were over $400/MMBtu. As far as Future Billings: They continue to gather the scope and full impact of the extreme pricing. They are fighting the pricing battle everyday.