IPAA: Lack of good prospects undermines drilling activity, heightens US gas supply concerns

11/04/2002
The relatively low US rig count this year is due in part to the lack of good prospects, said speakers at the 73rd annual meeting of the Independent Petroleum Association of America Oct. 28-29 in Dallas.While such opportunities are getting scarcer, that trend contributes to tighter natural gas markets in North America, which in turn brightens the outlook for independent producers, according to the CEO of one leading independent.Beyond commodity prices and drilling activity, much of this year's IPAA meeting focused on concerns over the merchant energy sector and the uncertainty spawned by the meltdown of several key players in that sector. EPGT Texas Pipeline LP Pres. Jerry J. LangdonC...
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