This is by designed to eliminate the fracking companies. The drip, drip, drip, begins here and now moves to the next one.
They aren’t killing it, it’s a threat that will always exist to keep OPEC in check. As soon as there is a buck to be made, people will be lining up to restart production.
It can be argued that it is opportunity for the stronger companies to acquire the assets of the weak companies. It is not drip, drip, drip..... it is the market functioning as it should