Anyone following UTI Energy Corp.? Message Board

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Gold/Mining/Energy : Anyone following UTI Energy Corp.?

UTI 27.48

-1.8%

3:59 PM EST

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To: S. maltophilia who wrote (1291)	6/11/1999 5:06:00 AM
From: Ronald J. Clark	Read Replies (1) of 1305

I meant to indicate that of those rigs being utilized 85% were drilling for gas--not that 85% of UTI's available rigs were actually drilling. The point of the statement in the annual report seemed to be that UTI's customer base is largerly drilling for natural gas and that if and when rig usage goes up UTI should be one of the first to benefit as natural gas prices are firm and supplies are feared to be tight for next winter. Sorry about the confusion.

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