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

To: BigBull who wrote (54386)	11/10/1999 2:46:00 PM
From: BigBull	Read Replies (3) \| Respond to of 95453

TX is the Capex "Damn Buster" Kick out the JAMS Peter Bijur, KICK OUT THE JAMMMMS, brother!!!! At least there's one REAL OILMAN runnin' a major. The race to increase capex is on! Boom 2000 is on. ------------------------------------------------------------ Bloomberg Energy Wed, 10 Nov 1999, 2:37pm EST 11/10 13:24 Texaco Says It Wants to Sell Oil Fields Producing 100,000 Barrels of Day By Terence Flanagan Texaco Wants to Sell Oil Fields Producing 100,000 Barrels a Day White Plains, New York, Nov. 10 (Bloomberg) -- Texaco Inc., the third-largest U.S. oil company, said it wants to sell oil fields that produce about 100,000 barrels a day to focus on the company's biggest projects. Most of the fields the company is selling are in the U.S., though some are in the North Sea and Trinidad. Texaco plans to use the proceeds on larger projects, including fields in western Africa, Brazil, central Asia and Venezuela, Texaco Chairman and Chief Executive Peter Bijur told reporters at the company's White Plains, New York headquarters. The sale of the fields ``is under way,' Bijir said. Texaco produces 885,000 barrels a day worldwide, 400,000 of that in the U.S. The company expects oil and gas output to grow 1 to 2 percent annually over the next three to five years. The company will budget ``considerably in excess' of what it spent this year for capital projects, such as oil exploration and refinery upgrades, Bijur said. The company expects to spend $3 billion to $3.5 billion on capital projects this year. Texaco shares rose 15/16 to 63 1/4 in early afternoon trading. -------------------------------------------------------------------------------- ¸ Copyright 1999, Bloomberg L.P. All Rights Reserved.

To: BigBull who wrote (54386)	11/10/1999 2:48:00 PM
From: ScatterShot	Respond to of 95453

Recap of little article in 10/99 OFFSHORE magazine (p22): "Fewer seismic crews indicate producers saturated with data" The GOM seismic crew count dropped from 31 in 2/99 to 8 in 9/99. During 1998, the smallest count was 20. "...the dip appears excessive". ...operators appear to have more than enough data for their near term needs. Seismic co's earlier this year sent their crews to other areas like Canada, Brazil. Some crews may never return to the relatively mature GOM. I can't find a website for the mag.

To: BigBull who wrote (54386)	11/10/1999 6:33:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

I agree Bull. Good ideas. I'll get on it. Trying to get wrapped up with RDC's Bob Palmer for his 20Q interview, but I have been so busy trying to get some deals closed before year end...DealDog is staying VERY busy. Hey Sarge...don't be asking FGH to violate that copyright thing. If you want a copy of JL's interview, but don't want to toss the Dog a bone, just send me a nice note with your email address and I'll see what I can rustle up for you. That's the least I can do for a fellow NSA type. Don't ever say the Dog doesn't have a heart for the tightwads of this country! :) big atoffshore.com