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: Archie Meeties who wrote (76561)	10/17/2000 6:29:18 PM
From: Meridian	Read Replies (1) of 95453

Yes it does. BR, UCL, BP, XOM, NBL, TX, APC, APA, PXD all big US natural gas producers (I know I've probably forgotten some of the big ones). These companies don't have much to gain from flush production, yet it is these companies who make up MOST of the production. So while we may see flush production coming out of the smaller E&P's, I don't think it will be so with the larger ones. Thus, I don't think we'll see anything meaningful come on this year. I'm more worried about demand ... if we have a recession. Even if we don't, demand is slowing from where it was previously estimated.

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