To: elpadre
“...These shale drillers have served the country well, making the USA energy sufficient.....”
Yep. That they have without a doubt. I worked in the business almost 5 years in the Eagle Ford in south Texas until I retired in 2014. The bigger & smarter ones saw it coming and prepared accordingly. Smaller ones, like CHK, just can’t take the hit as they work almost “hand to mouth”. The industry will contract, consolidate and/or merge, but I believe it will survive and remain, however, a lot of em are gonna go belly up.
5 posted on
06/29/2020 8:17:05 AM PDT by
lgjhn23
(Libs are a virus.....the DemoVirus!!)
To: lgjhn23
Yep. Boom/bust is the status quo of the oil/gas industry.
Plan accordingly.
8 posted on
06/29/2020 8:20:21 AM PDT by
Rebelbase
To: lgjhn23
I live on the NY/PA border and Halliburton is moving immense amounts of sand, they are still drilling, but not in NY... 😡
9 posted on
06/29/2020 8:20:29 AM PDT by
Shady
(One More Time: CO2 is PLANT FOOD! Without it we die. Any questions?)
To: lgjhn23
I live on the NY/PA border and Halliburton is moving immense amounts of sand, they are still drilling, but not in NY... 😡
10 posted on
06/29/2020 8:20:30 AM PDT by
Shady
(One More Time: CO2 is PLANT FOOD! Without it we die. Any questions?)
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