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Originally posted by bphillips View PostYep.. EOG chairman said at $65 they will increase drilling again
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Originally posted by txoutdoorsman24 View PostWas told last week that Conoco is pickin up 6 more rigs in a couple weeks. Gettin back up to 12 and staying that way for the foreseeable future.
I met with a Conoco CM last week that indicated the same.
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Originally posted by hammer63 View PostJust talked to my EOG contact. It is true that they are drilling and will probably increase drilling as oil climbs above $65. BUT, they are completing very few at this time. I wonder what the price point will need to be to kick-off the completions and get some oil flowing? He thought a stable $70 to do that. I guess the next crisis will be a shortage of frac crews so some of you laid off guys might think about applying real soon for a frac crew position.
Originally posted by txoutdoorsman24 View PostWas told last week that Conoco is pickin up 6 more rigs in a couple weeks. Gettin back up to 12 and staying that way for the foreseeable future.
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