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

To: SliderOnTheBlack who wrote (56791)	12/13/1999 1:00:00 PM
From: Brent Hogenson	Respond to of 95453

Where are you Sarge? How did you miss this? simmonsco-intl.com

To: SliderOnTheBlack who wrote (56791)	12/13/1999 1:00:00 PM
From: dmccoach	Respond to of 95453

RIG is really acting poorly... Is the merger weighing it down this much? Any thoughts on this transaction and it's future for the combined company? I'd like to add a driller to my portfolio. Dan btw: GO OEI!!!!!!!!!!!!!!!

To: SliderOnTheBlack who wrote (56791)	12/13/1999 1:20:00 PM
From: ChanceIs	Read Replies (2) \| Respond to of 95453

Murphy Oil Ups E&P Budget.... EL DORADO, Ark.--(BUSINESS WIRE)--Dec. 13, 1999--Murphy Oil Corporation (NYSE:MUR) announced today a capital program of $457 million in 2000, up 18% from projected capital expenditures in 1999. Claiborne P. Deming, President and Chief Executive Officer, noted, "We continue to have an excellent array of investment opportunities across all segments of our business. Riding the momentum of 1999 drilling successes, Murphy's exploration budget is expected to increase over 75% in 2000 to in excess of $150 million, primarily targeted at the deepwater Gulf of Mexico. Development expenditures of $181 million will be highlighted by continued spending at Terra Nova, the next major oil field offshore Canada, which is slated for an early 2001 start-up and will provide Murphy over 12,000 barrels a day of new oil production. Finally, funds of $120 million approved for refining, marketing and transportation operations reflect an increase of approximately 24%, mostly attributable to our ongoing Wal-Mart program. There are currently 145 stations in operation in the southeastern U.S., and plans include the construction of 150 additional stations in 2000, including those to be built in a new geographical area - the recently awarded Upper Midwest" ogj.pennwellnet.com