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

To: Douglas V. Fant who wrote (71536)	8/23/2000 8:19:31 PM
From: warren harris	Read Replies (1) \| Respond to of 95453

As general information and reading, I came across these news releases, but first, thanks to all for the wealth of information presented on this thread... HOUSTON, Aug 23, 2000 /PRNewswire via COMTEX/ -- Ocean Energy, Inc. (NYSE: OEI) and partners were the apparent high bidders on 11 blocks in the Western U.S. Gulf of Mexico Lease Sale 177 held earlier today. The bids are subject to approval by the U.S. Interior Department's Minerals Management Service (MMS). Ten of the blocks are located in the deepwater East Breaks area in water depths ranging from 3,200 feet to 4,000 feet. If awarded, Ocean will hold a 50 percent interest in nine of these blocks and a 20 percent interest in the other. The company also gained 100 percent ownership of a block located in the High Island area of the shelf. The 11 new blocks would add 59,560 gross acres to the company's Gulf of Mexico holdings and bring its total number of blocks in the Gulf to 296, including 83 in the deepwater. "The deepwater leases are strategically located near our significant Nansen and Boomvang discoveries in the East Breaks area of the Western Gulf," said James T.Hackett, Chairman, President and Chief Executive Officer. "These additional holdings could enhance our Gulf of Mexico asset portfolio as we continue to increase our deepwater exploration activity there." Ocean Energy, Inc. is an independent energy company engaged in the exploration, development, production, and acquisition of crude oil and natural gas. North American operations are focused in the shelf and deepwater areas of the Gulf of Mexico, South and East Texas, and the Mid-Continent, Permian Basin and Rocky Mountain regions. Internationally, the Company explores for and produces oil and gas in the West African countries of Cote d'Ivoire, Equatorial Guinea and Angola, and in the republics of Egypt, Tatarstan, Pakistan and Yemen. SOURCE Ocean Energy, Inc. CONTACT: financial, Bruce Busmire, 713-265-6161, or media, Janice Aston White, 713-265-6164, both of Ocean Energy, Inc. .html or fax, 800-758-5804, ext. 913463 URL: oceanenergy.com prnewswire.com (C) 2000 PR Newswire. All rights reserved. -0- KEYWORD: Texas INDUSTRY KEYWORD: OIL SUBJECT CODE: RLE

To: Douglas V. Fant who wrote (71536)	8/23/2000 8:46:33 PM
From: isopatch	Respond to of 95453

Geez Doug, guess I better get em drilled up. Who knows my kids or grandkids (when they arrive) may have to call one of Big Dog's pups and plead for a barge rig<g> Iso