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: Crimson Ghost who wrote (32238)	11/29/1998 4:02:00 PM
From: Big Dog	Read Replies (1) of 95453

Here is another view on oil company consolidation... The bigger a company is, the bigger the fields they must go after...to explore and develop. Big companies are not efficient at developing and exploiting "small" plays. The smaller oil companies...including independants...will have the opportunity to snag some of the crumbs left in the wake of consolidations. The big company will want to get rid of the small stuff so focus on "impact" prospects. So a case may be made that drilling would increase since the guys that pick up the cast off leases will be more apt to drill and exploit than when those crumbs were owned by the behemoth. Make sense? big loosbrock.com

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