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

To: Flan who wrote (5553)12/17/1997 7:35:00 PM
From: pz  Read Replies (2) | Respond to of 95453
 
Flan,

I opened up our local paper today to find that KEG had bought out two of our local drilling contractors. Nothing fundamental has changed, we are still having to wait 3 months to get a drilling rig, on our wells. I know the fourth quarter is always the busiest, due to leases expiring, and the such, but I don't see any indication of a slow down.

If a slowdown does occur the land drillers will be hit first and deepwater gulf will be last.

Regards,

Paul


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