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

To: Think4Yourself who wrote (61999)	3/11/2000 9:18:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

A little info on what OXY has done in the past when entering mature areas. streetadvisor.com Occidental increased production in the Idd el-Shargi North Dome field in Qatar from 20,000 b/d in mid-1994 to more than 125,000 b/d in 1998. Output was later restrained by the Organization for Petroleum Exporting Countries (OPEC) quota for Qatar. Operating and overhead costs were reduced from $5.52 per barrel of oil equivalent in 1995 to $2.85 in 1998, the most recent data available. Production data for 1999 has not yet been released. Utilizing the company?s enhanced recovery technology, Elk Hills natural gas sales approached 350mmcf per day at year-end 1998, compared with about 150mmcf per day when Occidental acquired the property in February 1998. Production data for 1999 has not yet been released.

To: Think4Yourself who wrote (61999)	3/12/2000 2:39:00 PM
From: Douglas V. Fant	Read Replies (3) \| Respond to of 95453

JQP, Shell and BP Amoco could never make the tough decisions to put Altura in shape since it was never clear which company was in charge. The reason for that is Shell/BP Amoco tried to run a Permian Basin operation from Houston, mainly because a couple of higher up managers did not want to move from Houston....bad mistake operationally... Oxy IMO will make a much higher return from these assets for three reasons which I shouldn't print....