I was listening to some a podcast when oil first dropped and they were saying the issue is that a lot of the small producers are on leases and then may have to

I was listening to some a podcast when oil first dropped and they were saying the issue is that a lot of the small producers are on leases and then may have to pump at a loss just to keep it and try to make it up later. Or burn everything they already spent. A lot went all in and levered up and are now stuck.