I have an audio drum loop I'd like to dry up.
IOW take out the reverb tails.
Would you use gating or compression?
Other methods?

Zynaptiq Unveil is pretty amazing at removing reverb, but its pricey: http://www.zynaptiq.com/

Many times the reverb resides to the side or one side of the source. See what you can determined with the channel tool and eliminate the sides or side to reduce the overall reverb image. Then I would go for the gate with what remains.

I would try the Transient Shaper

Add the TS-64 Transient Shaper to the track and adjust the Decay parameter to try removing the reverb tails.
 
Or try something like this... Acon Digital DeVerberate
http://www.digifreq.com/digifreq/newsinfo.asp?NewsID=4381
 
Scott

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Scott R. Garrigus - http://garrigus.com - SONAR X2 Power! - http://garrigus.com/?SonarX2Power
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Yes the TS 64 and the gate do wonders for the track
Thanks