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sillyunclekarl

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sillyunclekarl

Re: john_new post# 405

Thursday, 05/11/2006 12:18:08 PM

Thursday, May 11, 2006 12:18:08 PM

Post# of 13422
Drilling rigs renting for approx $20K per day.

And AMEP has two of it's own drilling rigs, drilling right now in the Barnett shale, considered by some to be the hottest play out there.

From latest PTEN report:
Commenting on the results from drilling operations for the just concluded quarter, Mr. Talbott stated, "During the first quarter we continued to experience further increases in pricing, reflecting the continuing demand for our services, along with the ongoing scarcity of land-based drilling rigs. Compared to the fourth quarter of 2005, average revenues per operating day increased by $1,710 to a record $18,840 and our average margins per operating day grew by $1,160 to $10,180.


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