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

To: Ditchdigger who wrote (50010)	8/30/1999 1:49:00 AM
From: Douglas V. Fant	Respond to of 95453

Ditchdigger- Plus there's the difference between how independents vs. majors plan and budget drilling prospects. Usually Independents "drill 'em as they develop 'em". Majors tend more to inventory potential prospects. That means as NG prices rise , then independents will "hoof it" to locate and drill more prospects. This "if you got 'em smoke 'em" approach should redound to the benefit to a lot of front-end service companies as independents gear up to locate more drillable prospects....