Originally Posted by
Gelston
You know a lot of them don't drill unless it hits a certain price because they lose money right? That is why the Haynesville Shale has constantly been shut down and restarted based on oil price fluctuations. The prices start to get much higher, a lot of shale fields will become profitable and begin to open and/or expand and drive prices back down... .And then shut down and cause another big layoff.
The entire industry is built on inflated costs. Around here the sand plants hire people at 5 to 6 times the current market price for labor. Abuse the fuck out of them for a couple of years, then as price goes down they just pull the plug, dissolve the company, and ignore reclamation of the land.
Most plants are back up and running again, so someone's upping production
Anonymous is an Idea - not a group.
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