Based on recent information, there's only two drilling rigs running in the 4-Corners Area. That area is highly leveraged to gas production. It could be quite sometime (years) before gas prices see a range that's inviting to once again drilling in that area. And the oil price is not sufficient for pursuing more oil producing wells primarily South of Farmington. It's sad the pressure pumping group is gone from that area and those good, hard workers are having to find other jobs in a depressed market.
2 replies (most recent on top)
Pretty darn close. Cement only.