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

To: Thean who wrote (15373)	3/18/1998 5:35:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Maria on CNBC is commenting that the lease sale beat expectations. eom

To: Thean who wrote (15373)	3/18/1998 6:21:00 PM
From: Douglas V. Fant	Respond to of 95453

Thean, Weirdly enough, even though I work for an oil company, I did not follow the sale. The main thing is to get lots of tracts purchased which then can be put together in a prospect and drilled. Also FWIW my company is looking to double the number of wells we drill worldwide in the next three years. Now the oil price may slow that down a bit, but the increase I believe would still be significant.... Just what one company is doing..... Sincerely, Doug F.