Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Big Dog who wrote (51246)	9/16/1999 8:53:00 AM
From: Think4Yourself	Read Replies (1) of 95453

Oklahoma's oil output may hit 86-year low The Daily Oklahoman Oklahoma's production of oil, despite higher prices, appears headed for an 86-year low, while the state's gas output for 1999 is sliding toward a more than 30- year low, state Corporation Commission statistics showed Monday. ... Since commission officials indicate the vast majority of Oklahoma's more than 29,000 gas wells are generally producing all they can, production in the second half of 1999 might be comparable to the first-half totals ... Lower numbers of new drilling permits during this year's first eight months also suggests new wells will continue to be added at too slow a pace to offset production declines this year.

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