3 ms·
These prices need to show some resiliency before any producer is going to throw serious cash towards more production. There is a pretty large lag time to build
by jdhawk 10y ago
These prices need to show some resiliency before any producer is going to throw serious cash towards more production. There is a pretty large lag time to build back all the services and bring new wells "online", 6-12 months?. Producers need to be confident that those prices will maintain at $45+ before you'll see any major activity.