At $75~80 a barrel, it won’t end hydraulic fracturing and horizontal steerable drilling in tight formation like shale.
It will certainly slow down the growth. It will drive down the cost of the companies providing services like HydroFrac since the demand will not be driven above reasonable supply.
But at those prices, it will still grow the number of wells, just at a more reasonable pace.
Thank God Thank God Thank God for that good news.
The fracking industry will survive inspite of the lower oil price, even though some will get out, while others will cut costs, and grow at a slower pace, but still grow.