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To: SliderOnTheBlack who wrote (39066)3/5/1999 8:19:00 PM
From: Broken_Clock  Respond to of 95453
 
Sorry Slidemeister, i don't recall. However, i do recall statements to the effect that rates won't rise until utilization is 100%(that would be an "effective" percentage since there are always rigs in transition). I would think it would be hard to pinpoint an actual number since there is no finite # of rigs in the gulf. The smart dudes are moving rigs in and out of areas where the work is...like mistah Palmer.-g-



To: SliderOnTheBlack who wrote (39066)3/5/1999 9:59:00 PM
From: Nello Filippone  Read Replies (1) | Respond to of 95453
 
*** Question:

>>According to Palmer of Rowan; per a long ago appearance on CNBC; What is the ''Offshore'' Rig Count # for the Gulf of Mexico - to where dayrates start to turn upward, or downward from ? - what's the magical/pivotal GOM Rig Count # ?
<<

Slider,

I saw the interview last summer/fall and I remember 155.

Nello


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