Natural Resources >> Sector Roundtables >> June 16, 2003

Roundtable Forum: Oil Services & Equipment

Prior to joining mindWireless, BOB MCCLAREN was the President of Business Operations for the Houston Astros, where he played one of the leading roles in the Astros' move to their new state-of-the-art field in downtown Houston. During Bob's tenure, he was responsible for all facets of the Astros' business and administrative operations, including Accounting, Advertising, Ballpark Operations, Broadcasting, Community Development, Engineering, Finance, Human Resources, and Media Relations to name a few. Before moving to Houston, he was the General Counsel and a member of the Board of Directors of McLane Company Group, L.P., of Temple, TX from 1992-94. Bob serves as a Deacon for Second Baptist Church in Houston, and is a previous member of the Board of Trustees for Houston Baptist University. Profile
MICHAEL K. LaMOTTE joined J.P. Morgan Securities in March 2001 as a Managing Director in the Equity Research Department, and is responsible for the oil services and equipment sector. He has followed the upstream oil and gas industry for 12 years. His previous positions include Managing Director and Senior Oil Services Analyst at Banc of America Securities, Deputy Manager and Senior Oil Services Analyst at Brown Brothers Harriman & Company, and Vice President and Senior E&P Analyst at NatWest Markets. He has a Bachelor of Arts Degree in Economics with a minor in French from Vanderbilt University. He ranked second in earnings estimate accuracy in the 2002 Starmine Top Analyst Performance Survey, and first in earnings forecasting in the 2000 and 2001 Wall Street Journal Best on the Street Analyst Survey. He is a member of the CFA Institute, the Dallas Society of Financial Analysts, the National Ocean Industries Association, and the National Association of Petroleum Investment Analysts. Profile
G. ALLEN BROOKS is Executive Director of Oilfield Service Industry Research at CIBC World Markets. He joined Oppenheimer & Company in March 1997 in Houston to head up the firm's oilfield service research efforts. That franchise was expanded globally when Oppenheimer was acquired by CIBC in November 1997. Prior to joining Oppenheimer, Mr. Brooks was a Senior Vice President heading up the oil service industry research effort of Howard Weil. Prior to joining Howard Weil, he was a member of the senior management team at ENSCO International Incorporated, a Dallas-based international offshore contract drilling company. From 1969 through 1990, he worked as an oil service research analyst for several investment firms in Houston. From 1982 through 1988, he had a management consulting business, which provided market and financial research and litigation and bankruptcy support to offshore oil service companies and lenders to this industry. He is a graduate of The University of Connecticut with a BA in Economics. He holds a Master of Science degree in Economics from Cornell University. He was awarded the designation of Certified Financial Analyst in 1975. Profile
C.K. POE FRATT joined A.G. Edwards in 1999 to cover the oilfield service industry. Mr. Fratt has more than nine years of experience as an investment analyst (with Lehman Brothers, Loews Corporation, Smith Barney and BT Alex Brown). He has covered the oilfield service industry since 1994. Mr. Fratt graduated from Stanford University and earned an MBA from Cornell University's Johnson School. Profile
TWST: Allen, what has gone on in this market segment from a

business point of view over the past six to nine months?

Mr. Brooks: To put it simply, we've had pretty high commodity

prices, both