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To: Sequoyah101

well they sure enough did a good job squezzing service companies to lower their fracking costs.


100 posted on 06/12/2017 7:28:28 AM PDT by Undecided 2012
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To: Undecided 2012

Squeezing.

Because they were just too high. It is only sand, water, horsepower, fuel and people.

Fracing was so profitable it was attracting all kinds of vulture capitol. It was so profitable that several operators were seriously considering building their own frac spreads.

This cost reduction is not one of cost sharing it is reducing profit.


102 posted on 06/12/2017 7:35:38 AM PDT by Sequoyah101 (It feels like we have exchanged our dreams for survival. We just have a few days that don't suck.)
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