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

To: Gottfried who wrote (18290)	4/7/1998 8:09:00 AM
From: marc chatman	Respond to of 95453

They may not be the same rigs, but it goes to show there is a demand for rigs which come off contract. I'd be interested to know whether the new dayrates are higher. I suppose that with a 96% utilization rate, the E&P's probably don't have much leverage to push rates lower. Off Topic: Cramer is on CNBC this morning. Let's see if he talks about oil and oil service again.

To: Gottfried who wrote (18290)	4/7/1998 8:16:00 PM
From: Teddy	Read Replies (1) \| Respond to of 95453

to: EVERYONE THAT CORRECTED ME OK, i was wrong. I don't own ENSCO and saw three rigs in the gulf who's contracts ended and got new contracts at about the same time as the ones mentioned in the story so i thought that they were the same rigs. I was wrong. Here's Mavis' information reply to my question about the rigs: "The rigs I referred to in my article were the ENSCO 081, 082, and 087. The information in the article was taken directly from the Offshore Rig Locator --the March edition, and I double-checked it with the company. ENSCO has about 37 jackups, which they are continually marketing for jobs. But with talk of softness in the jackup rig market, they, and others drilling in shallow water, may have a more difficult time marketing rigs. Hope this clarifies things, and thanks for checking. Mavis" Thanks again Mavis, keep up the good work (it was OK for me to post that, right?)