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

To: Crimson Ghost who wrote (54137)	11/6/1999 10:00:00 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

If the big boys don't increase their Cap Ex spending next year, that means no increase in GOM activity. If NG wells deplete at 12-14% per year and Cap Ex increases 5-6% per year that tells me that we are going to see $5 NG for a prolonged period next year due to Depletion. I don't believe the land drilling will be able to compensate because many of the wells are shallow (long life) low volume producers. Additionally although the land rig count appears to have skyrocketed, how does it look when compared to historical norms? Anyone know any North American NG producers who have high production, low costs, high reserves, and an agressive drilling program? I have already found TMR, BR, OEI, UPR, APC, with a touch of HAL and GLBL in case I'm wrong.