ROLL OVER, PRODUCTION

摘要

In past downturns, a plummeting rig count evoked simultaneous but quite different emotions—despair, as industry conditions spiraled rapidly downward in the near term; and hope, as the falling rig count sowed the seeds of a cyclical recovery for the long term. Better days lay ahead. Today, the view is more complex, blurred by a crosscurrent of caveats, typically beginning with "Yeah, but ... ." For instance: Yeah, producers are dropping rigs, but they're also high-grading their acreage. Yeah, the rig count has come down, but the industry is keeping its most efficient rigs.