Replies to post #1916 on The Rising Influence of Rising Affluence

[acrazjo]

ATPG; as far the difference between the two articles, it appears one is talking about new well drilling and the other is preexisting permits to drill or wells in the process of being drilled. ATPG spiked up today and after hours, somone knows something, this might be it. I actually expect ATPG to head back to 20 plus bucks right off as they ramp up production that was halted. Joe

[OakesCS]

i don't think the articles really contradict each other. Too much equivocation to call for that.

i have a friend who owns a small service company and he says his company was going to put some equipment on a deepwater rig in the GOM just after Thanksgiving. Whether or not it was going to get used soon is a different matter. For all i know there could be different flavors of permits, e.g. drilling operations that had been started prior to the DWH may have been allowed to restart but that is just wild-ass speculation on my part.