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: Douglas V. Fant who wrote (61203)	3/1/2000 10:05:00 PM
From: Roebear	Read Replies (1) of 95453

Douglas, I believe you were one of the key proponents here on SD of the fact that NG supplies would be tight even with increased drilling due to depletion of current wells. From len grasso's post tonight, confirmation in print: Message 13017692 n the natural gas market, LaMotte says that drilling for natural gas has been strong, with the majority of drillers focused on gas and permitting activity up 64% year over year during the most recent quarter. ?Yet, even with drilling activity this strong we?re barely standing still (in terms of production). That portends a tight market,? he adds. Its good to have heard it here first on SD! Congratulations to you on a great call and all those who supported this view! Best Regards, Roebear

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