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To: ckilmer
t is the accelerating speed & falling costs at which they can drill wells

Most of the accelerating speed of the number of oil wells drilled in the last few years was from rigs that were chasing natural gas are now chasing oil. The supply of natural gas rigs and the trained drilling crews and support equipment is now a small fraction of what it was 4~5 years ago.

22 posted on 10/30/2013 9:39:02 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

The supply of natural gas rigs and the trained drilling crews and support equipment is now a small fraction of what it was 4~5 years ago.
...............
by this do you mean that there are fewer men and equipment in absolute numbers compared to 4~5 years ago or do you mean all the men & machines that can be used are being used so there is no extra capacity of men and machines to amp up production as there was 4~5 years ago


23 posted on 10/30/2013 9:59:47 AM PDT by ckilmer
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