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

To: Roebear who wrote (61752)	3/8/2000 8:23:00 AM
From: JungleInvestor	Respond to of 95453

UPR in their latest announcement mentioned their 2000 capital budget is $750 million which is 25% more than the $600 million previously announced. The federal government's high level rhetoric is presumably putting pressure on the E&P's to produce more to bring down the price of oil (and therefore gasoline). The E&P's are probably going to be in Congress's spotlight for quite a while. Question for Doug Fant, Aggie and others in the oil & NG industry - are you finding that the E&P's, including the majors which have been slow on the trigger, are significantly increasing their 2000 capital budgets over their previously announced budgets (which were already up significantly over '99's)?