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

To: stevedhu who wrote (65894)	5/9/2000 12:28:00 PM
From: The Ox	Read Replies (1) \| Respond to of 95453

Nabors' EPOCH Subsidiary Unveils `MyWells.com HOUSTON--(BUSINESS WIRE)--May 9, 2000--Nabors Industries Inc. (AMEX:NBR) announced today that its subsidiary, Epoch Well Services Inc., has unveiled MyWells.com, a unique, technology driven method for customers to monitor well performance using Internet access. The new product was rolled out at the Offshore Technology Conference in Houston last week. "MyWells.com is part of a new generation of software being released by Epoch that provides customers with better access to wellsite information," said Eugene M. Isenberg, chairman and chief executive officer for Nabors. "This speeds reaction time, potentially saving our customers significant amounts of money." MyWells.com uses satellite communications to link users with a broad range of drilling parameters. In addition to real time drilling data, My.Wells.com provides comprehensive daily reports; detailed performance summaries for the rig, well or area; drilling instrumentation logs; and daily mud logs that the driller or company man would normally see only on location. It also provides querying capabilities, which enhance engineering prognosis. Rather that simply supplying a graphical image of the data, the actual wellsite database is available to the end user for integration into in-house or third party geophysical, geological and drilling software. "What makes this product so useful is that it can be accessed anywhere you can access the Internet," said Isenberg. "In addition to being able to rapidly receive well information at the office, customers can now get that same information in real time while at home, traveling on business or on vacation, or just about anywhere else." A variety of other features make MyWells.com desirable to customers. These include: -- instant access to personnel on the rig via voice/fax communications and e-mail -- efficient partner reporting via a system that allows partners to check well status daily instead of waiting on faxed reports -- all necessary information in one place, to facilitate the filing of regulatory forms MyWells.com also has a state-of-the-art security system with user access controlled by the customer. Information is protected by advanced firewall technology and is encrypted for transmission across the Internet using Secure Socket Layer (SSL) technology, preventing data from being viewed during transmission. The Nabors companies actively market over 500 land drilling and 680 land workover and well-servicing rigs worldwide. Offshore, Nabors operates 37 platform, 11 jack-up, and four barge rigs in the Gulf of Mexico and international markets. These rigs provide drilling, workover and well servicing services. Nabors also operates 31 marine transportation and support vessels in the Gulf of Mexico. In addition, Nabors manufactures top drives and drilling instrumentation systems and provides comprehensive oilfield hauling, engineering, civil construction, logistics and facilities maintenance, and project management services. Nabors participates in most of the significant oil, gas and geothermal markets in the world. Nabors' stock is listed on the American Stock Exchange (NBR). For further information, please contact Dennis A. Smith at Nabors at 281/874-0035. To request Investor Materials, call 281/775-8000 -- extension 6363. CONTACT: Nabors Industries, Houston Dennis A. Smith, 281/874-0035 or To request Investor Materials, 281/775-8000 Ext. 6363

To: stevedhu who wrote (65894)	5/9/2000 3:17:00 PM
From: ronayre	Respond to of 95453

A little more from Phil Flynn : Tuesday May 9, 2000 OPEC opened its mouth instead of its spigots and caused a surge flow higher for the energy complex on Monday! Hot temperatures across the US had the hum of air conditioners being heard and caused a rally in the natural gas. Ali Rodriguez - new President of OPEC said over the weekend that oil price bands would not be modified and traders took this to mean there would be no further increase at their June meeting. We've seen no instance of more black market oil out there and it appears the "cheating cartel" is now a well-oiled machine. This price band area Mr. Rodriguez spoke of appears to be between $22-$28 per barrel and it looks like it will be there for the year. Traders have been concerned about the dock workers strike in Norway which costs the world oil market about 1 million barrels a day. It appears there has been a resolution to the strike and 2 loading terminals will be back in business. We'll see how the market takes this news. The supply/demand concern in crude will keep all eyes on today?s API. Estimates call for an increase in crude stocks of 2-3 mil barrels. The unleaded gas estimate is called down .5-1.5 mil barrels. Distillates are to be up by 1.5-2.5 mil barrels. If crude keeps building but the products do not, we'll have further evidence that the refiners cannot keep up with demand as the capacity utilization is operating around 93%. FYI - looks like Iran is pretty serious about sticking to those production quotas. They have seized 10 oil barges believed to be carrying black oil market from Iraq. They must like the quota rules. Phil has a good handle on energy IMO I just took profits and went flat for overnight in CL & NG as they started to pull back a little off the highs for today. (expected profit taking) but decided to hold HU for the opening tomorrow with a wait & see feeling..... probably get hammered.. <gggg>.. never know with futures. Time for a nap, RR