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

To: Douglas V. Fant who wrote (40908)	3/26/1999 8:17:00 AM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Doug, a couple of questions about your post: <<Right now there are 544 rigs running in North America.>> Last weeks domestic rig count (oil and gas, but not counting Canada), I believe, was 526 per BHI. But this doesn't include hundreds of stacked rigs, right? If stacked rigs come back on line, won't that increase drilling capacity significantly? Also, there are wells already drilled and producing nat. gas. How long will it take to deplete these producing wells? I understand your assumptions will mitigate these issues to a large extent. <<Then we would discover 544 x 12 x .80 x 3bcf= 15.667tcf of gas in 1999...>> Do you know how much nat. gas was produced in the US last year? I'm wondering how much is brought in from outside N. America. Thanks for the info. BTW, do you like any service companies in addition to WFT as plays on natural gas?