[thackney]

a lot of marginal rigs are being fracked instead of drilling new wells.

Wells are hydraulic fractured, rigs are used to drill the wells before hydraulic fracturing or other completion techniques are done.

Your constant ringing of hands over the plight of the oil companies leads one to believe you are closer than you let on.

For as long as I have posted on Free Republic, I have always been clear I work in the oil/gas/petrochem industry. I have not worked for an oil company, but they are usually my clients.

[ontap]

Wells are hydraulic fractured, rigs are used to drill the wells before hydraulic fracturing or other completion techniques are done

The difference is when they set up and frack they are almost assured of getting more oil at a fraction of the cost of drilling a new well!!!