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

To: Think4Yourself who wrote (50797)	9/9/1999 7:26:00 PM
From: A. Geiche	Read Replies (1) \| Respond to of 95453

Crude oil Rises past $23 Barrel as API report shows glut in U.S. is gone bloomberg.com

To: Think4Yourself who wrote (50797)	9/9/1999 7:38:00 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 95453

Question for anyone: How long does a refrac job typically increase production? The reason I am asking is that, as someone predicted early this year, most of the small EnP's did lots of refracs to stimulate older wells. It usually worked, dramatically increasing production. How long will all that increased production last? Will these wells peter back out in the middle of the winter? BTW watching the weather channel. Mid America gonna get blasted by Canadian air tonight. Floyd will become a Hurricane within 24 hours, but is still forecast to miss the Gulf.

To: Think4Yourself who wrote (50797)	9/10/1999 1:30:00 AM
From: Douglas V. Fant	Read Replies (2) \| Respond to of 95453

JohnQPublic-They Missed Another Big Story! First, I agree on gas demand. I stick with my prediction of sustained NG prices this winter of $5.00/mcf; then they will tail off again in the Spring... BUT THE BIG STORY IS.....CRUDE PRICES! Gang! Today we closed at $23.25/bbl for wti intermediate. Not one news wire tonight has picked up the significance! Well on Sept 23, 1997 at the peak of the last pricing cycle for crude oil, crude oil closed at $23.15/bbl for wti intermediate... Yes! that is correct! We have an upside breakout in crude prices today, having now broken out of its last three and one-half year trading pattern. Hold your energy stocks...