If it stays at $65 bottleneck in the area, it will certainly reduce the amount of drilling.
There is no magic drill/no drill number for all wells. Each has there own economic point and it will vary for companies as well. As the price goes down, there will be less; as the price goes up, there will be more.
thanks - I thought that much of the Midland oil production was coming from work in old wells being treated with new technology and this was allowing some to get a good profit on old oil - it that true?