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To: thackney

In a way, I interpret this as good news. Yes, it is bad if no new drilling is occurring...and somebody is left holding the bag with a lot of idle equipment. But the shut-in prices look low enough that alot of the producers with already drilled wells will not completely lose their shirts.

And the short life cycle of the fracked wells, along with the increasingly short drilling time required on the front end, should make the Bakken drillers capable of responding to prices if they start to climb again.


29 posted on 01/20/2015 1:10:10 PM PST by lacrew
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To: lacrew

My point is, don’t expect a lot of Bakken wells to get shut in waiting for higher prices.


30 posted on 01/20/2015 1:14:07 PM PST by thackney (life is fragile, handle with prayer)
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