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To: thackney
I went to an IADC luncheon a couple weeks back to hear the 2009 forecast.

It was bad, real bad. ...unless something changes.

Saying 30%-40% gas rigs being idle and not recovering till the end of 4th qtr?

9 posted on 02/09/2009 2:09:58 PM PST by TexasCajun
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To: TexasCajun

Here in Texas and Louisiana we are going to Party Like It’s 1987.


11 posted on 02/09/2009 2:15:06 PM PST by trumandogz (The Democrats are driving us to Socialism at I00 MPH -The GOP is driving us to Socialism at 97.5 MPH)
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To: TexasCajun

There were 45% more rigs running less than 5 month ago.

Granted it was a brief peak, but that was active drilling rigs last September.

I would be very surprised to see us reach that high again anytime this year.


12 posted on 02/09/2009 2:15:25 PM PST by thackney (life is fragile, handle with prayer)
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