Are they gonna shut down natural gas rigs to save operational costs, or they are still operating to produce natural gas for cash to pay debts
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Feel very sorry to know the current deadlock in O&G industry. When will natural gas recover from this leftovers from a once prosperous feast to bring workers back? It's sad to look at the natural gas price down. Will more recent bankrupts like chesapeake trigger the market's eventual adjustments?
I drove from El Paso to Midland and it is sad, all the wells idle, all the equipment stashed and idle. A few wells working out of hundreds that where visible from I20.