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

To: BigBull who wrote (50921)	9/10/1999 10:34:00 PM
From: Douglas V. Fant	Read Replies (2) \| Respond to of 95453

BigBull, Saw that you listed Varco in your note. My neighbor works for Varco. He said that business has picked up dramatically over the last six weeks. For example FWA Peterson was running 3 rigs last month. Well this month they put 9 more rigs back to work... Patterson (PTEN) is building a big 120 acre yard near the Midland, TX Airport and moving in and stacking rigs that they are buying here and there, but currently no crews. Norton moved two rigs northward to Colorado and Wyoming to drill for CO2 and deep gas. All Nabors Rigs in Texas are tied up or will shortly be he believes... Drilling companies are having a hard time finding experienced personnel to come back and work rigs as previously noted...I personally (IMHO) think that an onshore rig shortage is brewing.....