A guy on Fox business just reported that Frackers will go bankrupt, and their leases, equipment, etc. will be bought at “bargain basement” prices by oil bigwigs. The end result (long-term) will be US producers will be able to produce oil even cheaper than before. This happened a few years ago, according to this expert.
Some banks are going to end up owning some of the assets at least for a while according to something I saw.