3 ms·
A few of the companies might get shaken out, the ones stuck with use-it-or-lose-it land rights, but the rest can shut in production easily enough and wait for p
by saryant 12y ago
A few of the companies might get shaken out, the ones stuck with use-it-or-lose-it land rights, but the rest can shut in production easily enough and wait for prices to rise again. Drilling a well with fracking is really cheap and incredibly fast which makes the industry fairly resilient to changing prices.