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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Big Dog who wrote (72173)9/1/2000 4:17:33 PM
From: BigBull  Read Replies (1) of 95453
 
Thank you, o mighty largeness! A key phrase in that report for me was:
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Natural gas drilling activity has increased sharply from a quarterly low of
395 average rigs in Q2-99 to an average of 629 rigs drilling for gas in the
first half of 2000. Based on our observation of the historic trends in the
relationship between gas drilling activity and production we have estimated
that we need to see about 650 rigs drilling for gas to maintain production.
------------------------------------------------------------

The key word in the key phrase was - MAINTAIN.

I'll take a new look at GW.
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