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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: jhild who wrote (1132)	6/15/1998 10:49:00 AM
From: eric deaver	Respond to of 11684

A little ON TOPIC information- Just a little tidbit I found: May 20, 1996 NEW SURVEY SHOWS AMERICA'S INDEPENDENT PRODUCERS ARE NOW LEADING THE WAY IN U.S. OIL AND NATURAL GAS PRODUCTION But Production from Public Lands Remains Stagnant, Proving Need for Action Now Independent oil and natural gas producers may now be the "major players" in developing America's oil and natural gas resource base, according to a new IPAA survey, but their involvement on public lands over the past few years remains unchanged -- a sign that the promise for a strong domestic oil and natural gas industry remains unfulfilled. "This survey shows that if America wants to revive its oil and natural gas industry, then public lands production must be encouraged now," said IPAA Chairman Lew O. Ward, an Oklahoma oil and natural gas producer. IPAA surveyed over 5,000 independents to compile the "1996 Profile of Independent Producers." Among the survey's conclusions: The typical independent is a highly-efficient small business owner with ten full-time and three part-time employees, and has been established for 22 years with gross revenues of $2.8 million. The offshore area continues to be one of the fastest growing domains of independents. Independents drilled 59 percent of the wells in the Gulf of Mexico in 1995. Slightly less than 11 percent of respondents currently operate in federal waters, while 16.2 percent operate in state waters; an increase from the 1994 survey of three percent and nearly five percent, respectively. Slightly more than 42 percent of respondents reported that they currently hold a federal or Indian leases, with a median of 10 leases per independent. Slightly more than 14 percent of responding firms currently operate internationally, which is an increase of three percent from the 1994 survey. Twenty-five percent of the firms plan to pursue international opportunities in the next five years. Slightly more than 20 percent of responding firms are publicly traded. Independents tend to be well-educated with a large majority holding a degree from some level of higher education.