Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Think4Yourself who wrote (51773)	9/24/1999 7:00:00 AM
From: Ronald J. Clark	Respond to of 95453

RE: Rig Count It should be noted that although the "drilling for gas" rig count has gone up dramatically, it has only been 5 months since its low point. High rig utilization will eventually translate to more natural gas production, but will not do so immediatley. Also most of the increase in rig utilization has been land based drilling where reserves found and initial production rates are in general smaller than GOM natural gas wells. It also takes more time, in general, to get GOM wells drilled and online. Thus, even when GOM drilling ticks up significantly, it will take some time fro the new reserves to get to market. JMHO