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LEADING OIL AND GAS ASSOCIATION EXECUTIVE PAY TOPS $200,000 ON AVERAGE, THE OIL DAILY REPORTS

 LEADING OIL AND GAS ASSOCIATION EXECUTIVE PAY TOPS $200,000
 ON AVERAGE, THE OIL DAILY REPORTS
 WASHINGTON, Oct. 30 /PRNewswire/ -- Top executives of 10 leading oil and gas industry trade associations earned an average of $236,906 in the latest year in which data are available, according to a survey conducted by The Oil Daily.
 Results of the survey will appear in the Monday, Nov. 2, editions of The Oil Daily and its affiliated newsletter Natural Gas Week, two leading publications covering the oil and gas industries.
 American Petroleum Institute's (API) president, Charles J. DiBona, was best paid in 1991, with compensation, benefits and allowances totaling $578,703.
 The president of the American Gas Association (AGA), Michael Baly III, was second at $307,054.
 API and AGA were by far the biggest of the associations surveyed, with 1991 revenues of $82 million and $56.3 million, respectively. Most other organizations had revenues of less than $3 million annually.
 Among smaller associations, however, the pay of the top executive is not always related to size. Differing organizations with revenues in the $3 million range paid their chief executives between $168,675 and $265,216, the survey shows.
 The survey also finds that despite the difficult times facing the domestic oil and gas industry in recent years, association executive compensation rose steadily over the past three years, the period covered by the report.
 The Oil Daily, an independent, Washington-based publication, has been covering the oil and gas industries for 41 years. It is one of the oldest publications covering the industries in the United States. The eight-year-old Natural Gas Week is a major publication in the natural gas field. It is well known for both its coverage of the industry and its pricing and statistical tables that are relied on throughout the industry.
 -0- 10/30/92
 /CONTACT: John Jennrich of The Oil Daily, 202-662-0700/ CO: The Oil Daily ST: District of Columbia IN: OIL SU: ECO


TW -- DC010 -- 7220 10/30/92 15:04 EST
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Date:Oct 30, 1992
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