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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (48915)	8/5/1999 7:52:00 PM
From: dfloydr	Read Replies (1) \| Respond to of 95453

So who makes/fixes/supplies rigs ;-)

To: ChanceIs who wrote (48915)	8/5/1999 8:21:00 PM
From: Bernie Diamond	Read Replies (1) \| Respond to of 95453

<<Due to attrition in the drillers (primarily canibilization of rigs)..>> Now that's an interesting factor going forward. A forseeable shortage of rigs if this price environment continues? Wonder how critical this can become and how many rigs are canibilized vs. being cold stacked? My thinking was that with increased efficiency in drilling and locating productive sites, fewer rigs would be needed to meet demand. Of course this is one CEO talking (Edge) and it may be problemmatic only for him as a land driller. Would appreciate your thoughts. TIA. Bernie