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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Harvey Allen who wrote (69626)7/13/2004 9:47:46 AM
From: robert b furman  Read Replies (1) | Respond to of 94695
 
Sure,

A lot of old depleted wells in Texas get sold off to indepedents (who have a much lower cost of overhead).

In general the big boys like Exxon are all doing internationl D&E.

Like it or not the environmentalists have made drilling both administratively and legally prohibitive in the USA.

Bob