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I don't think you understand. This isn't supermajors welching on contracts to get free work. The work stopped coming in because of the commodity price collapse
by shiftpgdn 4y ago
I don't think you understand. This isn't supermajors welching on contracts to get free work. The work stopped coming in because of the commodity price collapsed and the only oil being produced is from wells that have already been drilled. Those wells eventually run dry and aren't being replaced.