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: Douglas V. Fant who wrote (37288)	2/11/1999 10:47:00 AM
From: William JH	Read Replies (1) of 95453

Douglas, Thanks to you and Mike for the responses to my question about NATGAS supply. CERA is saying the same thing you did. (Investments in O & G companies have kept me humble over the years). "CERA said (gas) production would fall as a result of cutbacks in oil and gas companies drilling and exploration budgets brought on by the slump in world oil prices. Declining production from existing as fields in the shallow waters of the Gulf of Mexico would outweigh new supply from new deepwater fields, Cambridge Energy Research Associates consultants told a conference in Houston." biz.yahoo.com Regards, WJH

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