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


To: Douglas V. Fant who wrote (49825)8/25/1999 12:59:00 PM
From: Brad Baker  Read Replies (1) | Respond to of 95453
 
Doug,

I just got off of the phone with the CFO of a mid sized E & P company. He said that his drilling contractors are having problems attracting crews for their rigs. He felt that his company was probably would not be able to implement their capital budget as a result.

Have you heard of these type of problems? If so, what are the consequences for the "patch", besides upward pressure on commodity prices?

thanks,

Brad