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

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To: Big Dog who wrote (26830)8/1/1998 2:44:00 PM
From: VLAD  Read Replies (1) of 95453
 
dog,

Exactly what are the current day rates for the shallow drillers in the Gulf? I was told by Cliffs 2 weeks ago that the day rates were in the upper 20's and at last years peak were at the mid to upper 30's. I was also told that the larger deeper drilling rigs were getting something in the neighborhood of the higher 30's when at peak they were getting something in the 60's.

As I am a novice in this sector, please inform me better on the current day rates in the Gulf.

VLAD
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