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Red River Valley | " We are entering the production decline phase" Well either that or as Jack Extriem (SP) of Whiting Petroleum said we step back here and let or cost structure reset to the new normal.
So what do you do with a drilling rig if you don't drill with it ???? Scrap it I guess but have you checked out the price of scrap lately geez
set it for a month and the rates to drill change ?? I don't know that is how it will play out but somebody who does say's yea that kinda how these thing work.
Wow that pipe spinner that was making 80k because 100 rigs were looking for him might have to reset his Price to make the payments on that 70K Ford Rapture he bought last spring or maybe just let it go back ?? | |
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Ethanol stocks vs Crude Oil Stocks.. 144 Rotary Rigs now parked.
