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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (1177)	5/15/2001 9:24:33 AM
From: Second_Titan	Respond to of 206131

Is there any reason to think drillers will not move from drilling for NG to drilling for oil? Would E&P's be searching for oil if they had the capacity to do so? In 12 months gas directed drill RIG us in USA has increased from 634 rigs to 994 rigs, while oil has lagged 196 to 236. It will be interesting to follow the RIG counts and see if RIGs are transferred to oil drilling quickly or if there will be a long lag.

To: jim_p who wrote (1177)	5/15/2001 10:18:37 AM
From: excardog	Read Replies (5) \| Respond to of 206131

AGA guess's anyone? Larry says 111. add the following I'm sticking to last week's predict. that AGA>>> Larry E. - Tuesday at 12:07 AM derficit to last year will be gone by sometime next month. The follwing was pretty much said by me last week and I'm sticking to it this week: Although it is very difficult to pick an exact week, I'm leaning as of now to thinking that the deficit will be zero by no later than the AGA report week ending 6/15/01. It is actually conceivable that it could be gone as early as the 5/25/01 AGA report or as late as the 6/29/01 report. So, I'll consider my prediction to be absolutely wrong if the deficit isn't gone by the report covering the week ending 6/29 (to be released the first week of July). But I feel it is more likely that it will be gone by 6/15.

To: jim_p who wrote (1177)	5/15/2001 10:24:26 AM
From: xxreno	Respond to of 206131

I did look at percentage gain in NG vs crude when I looked at the reports. Often it was impossible to tell so I did not try to gather data. When I could tell, the percentages seemed consistent with 1999 reserves, so I have to basis to support your opinion. Additionally, I believe that most of these companies spent their 2000 budgets drilling where they had drilled before. If you assume my data is more or less correct and add it to the AGA data you have covered 60% of the reserves. At some point the small players are small enough not to matter. Additionally, in some of the cases, these companies have cheap gas because they are good or lucky at finding it. While it is impossible to determine, it seems to me that this is as good a way to pick the big reserves gainers as any. Thank you for your imput. XX