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

To: Platter who wrote (34565)	1/8/1999 4:03:00 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 95453

Huge spreads on all these at the end...... Joel

To: Platter who wrote (34565)	1/8/1999 4:06:00 PM
From: Box-By-The-Riviera™	Respond to of 95453

Friday January 8, 3:50 pm Eastern Time RTS-U.S. Gulf rig count at 128 hits four-year low NEW YORK, Jan 8 (Reuters) - There were 128 rigs under contract in the U.S. Gulf as of January 8 down two from the previous week and at its lowest level since May 1995, Offshore Data Services said Friday. The utilization rate for rigs working in the Gulf, based on a total fleet of 179, was 71.5 percent. Two new rigs joined the U.S. Gulf fleet, with one to be working off Venezuela and the other in deep water off Brazil. The number of working rigs in the European/Mediterranean area fell three to 97 rigs under contract. With a total fleet of 107, the utilization rate was 90.7 percent, its lowest level since June 1995. The worldwide rig count declined by seven this week to 508 out of a total fleet of 615, a utilization rate of 82.6 percent, its lowest level since mid-1995.

To: Platter who wrote (34565)	1/8/1999 6:14:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Platter: Just a minor theological difference between true believers: "notice FGI still positive..maybe the only one in the sector right now." Unless you include HLX up 14%! quote.yahoo.com

To: Platter who wrote (34565)	1/8/1999 6:46:00 PM
From: epicure	Respond to of 95453

>notice FGI still positive..maybe the only one in the sector right now.< TMAR closed up nicely -up 7.87% today, and since I bought it yesterday I am very happy with it. I expected to have to average down- but I suppose there is still time for that.

To: Platter who wrote (34565)	1/8/1999 7:17:00 PM
From: Cragganmore	Respond to of 95453

Weekly Rig Count Down By 21 Friday January 8 4:12 PM ET HOUSTON (AP) - The number of oil and gas rigs operating nationwide dropped by 21 to 600 this week, Baker Hughes Inc. (NYSE:BHI - news) reported Wednesday. Energy company officials said 990 rigs were operating in the United States during the same week last year. Of the rigs running this week, 466 were exploring for natural gas and 133 for oil. One was listed as miscellaneous. Houston-based Baker Hughes has kept track of the count since 1940. The tally peaked at 4,500 in December of 1981 during the oil boom. It dropped to a record low of 596 in the summer of 1993, exceeding the previous low of 663 in 1986. The rig count represents the number of rigs actively exploring for oil and natural gas. Of the major oil- and gas-producing states, New Mexico and Texas dropped by six each, Oklahoma fell by three, Louisiana lost two and Alaska and Wyoming lost one rig each.

To: Platter who wrote (34565)	1/8/1999 7:20:00 PM
From: Cragganmore	Respond to of 95453

US demand for petroleum on the rise... WASHINGTON, Jan 8 (Reuters) - U.S. demand for petroleum this year should jump to an average 19.25 million barrels per day (bpd), the U.S. Energy Information Administration said on Friday. That's 110,000 bpd higher than the EIA forecasted last month and 500,000 bpd, or 2.9 percent, more than 1998 levels. ''Much of this growth is attributed to increases in demand for heating fuel and other weather-sensitive products,'' the EIA said in the monthly update of its short-term energy outlook. The EIA is the statistical agency of the U.S. Department of Energy. The EIA said the average price of imported crude that U.S. refiners will have to pay is expected to climb from the agency's estimated December level of $9.25 per barrel to about $13 a barrel by the end of this year, and then move above $14 per barrel toward the end of 2000. ''Despite these increases, prices would remain low by historical standards,'' the agency said. For the current first quarter, the EIA lowered its estimate for the price of imported oil to $10.01 a barrel from $10.75 a barrel.