I have been wondering about the impact of all these wells delayed completion.
When the price of oil does climb, it will allow more oil to come onto the market sooner, than needing to start drilling first.
On the completion price, while rates may drop down now. It seems to me any jump in oil price is quickly going to leave us short on hydro frac equipment and crews and send that service price soaring even higher than before.
I understand the same delay of completion is becoming common in the Eagle Ford as well.
What is the talk in the industry as to increasing drilling now that it appears that the price of crude has rebounded from its lows in the $42 range?