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: Erwin who wrote (13651)	3/5/1998 12:05:00 AM
From: William L. Oppenheim	Read Replies (1) of 95453

<<Generally, the lower the price of oil, the lower the day rates drillers can command for their services>> What nonsense. If they want to drill at all, they will have to pay the going rate--and this depends on the total rigs available for leasing, and what others are will to let them go for, not the underlying price of oil.

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