http://www.zerohedge.com/news/2016-04-28/oil-rises-us-shale-companies-have-begun-increasing-oil-production
boone puked at 26
Others agree that the closer we get to $50 oil, the more concerned Saudi Arabia will be that its plan to put US shale out of business is failing: at an average price of $53 per barrel of oil means the world’s 50 biggest publicly traded companies in the industry can stop bleeding cash, according to Wood Mackenzie. Nabors, which owns the world’s largest fleet of onshore drilling rigs, said it has already been talking with several large customers about plans to boost work in the second half of the year if prices rise "comfortably" above $50.
boone puked at 26
Others agree that the closer we get to $50 oil, the more concerned Saudi Arabia will be that its plan to put US shale out of business is failing: at an average price of $53 per barrel of oil means the world’s 50 biggest publicly traded companies in the industry can stop bleeding cash, according to Wood Mackenzie. Nabors, which owns the world’s largest fleet of onshore drilling rigs, said it has already been talking with several large customers about plans to boost work in the second half of the year if prices rise "comfortably" above $50.
Comments