82020--3/16/2007--UNITED_STATES_LIME_&_MINERALS

related topics

{gas, price, oil}

{cost, regulation, environmental}

{competitive, industry, competition}

We incur environmental compliance costs, including capital, maintenance and operating costs with respect to pollution control facilities, the cost of ongoing monitoring programs, the cost of reclamation and remediation efforts and other similar costs and liabilities relating to our compliance with Environmental Laws, and we expect these costs and liabilities to continue to increase. In order to maintain our competitive position, we may need to continue to expand our operations and production capacity and to sell the resulting increased production. The lime industry is highly regionalized and competitive. Historically, the markets for natural gas have been volatile and may continue to be volatile in the future. We do not control operations and development of the O G Properties, which could impact our natural gas interests. Income is affected by production and other costs, some of which are outside of our control. Our natural gas reserves are depleting assets, and our ability to replace them is limited to development of the remaining undeveloped acreage subject to the O G Lease or the Drillsite Agreement. Drilling activities on the O G Properties may not be productive, which could have an adverse effect on future results of operations, financial condition and cash flows.

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82020--3/16/2007--UNITED_STATES_LIME_&_MINERALS_INC