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

To: Big Dog who wrote (34314)	8/10/2004 9:25:27 PM
From: Frank	Respond to of 206330

Big - KEG has 67 rigs but only 32 marketed and at least 30 of those are drilling. KEG rigs are mostly shallow and as I understand it the non marketed rigs are pretty crappy. The point I am stressing in this discussion is that we are at the limit of available land rigs in NA -- PTEN and NBR are in charge now. And if the the GOM continues with rigs in the 80s the stranglehold of the land drillers on the E&Ps will get tighter and tighter. A great deal of acreage has traded hands of late and I presume the buyers are not looking for a place to retire -- Frank