I don't see it helping the ones that are financially smaller and weaker. They will be the ones selling at a reduced price to pay off their oversized debt.
It will be those that are stronger with better cash positions that will mostly buy in at reduced prices.
In the long run, the wells don't get shut down, the names on the front gate change.
You got that right, no point of shutting down a well that already producing, profitable, and the money has already been sunk into.