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Message: <blockquote data-quote="eyexer" data-source="post: 49547" data-attributes="member: 315"><p>things have slowed down but we have reached the bottom I guess.  soon as oil prices go back up it'll be balls to the walls again.  the slow down has forced companies to become even more efficient.  9 million dollar wells are now 6-6.5 million dollars in cost.  fracing costs have plummeted.  due to fracing costs dropping some companies are spending the same to have wells fraced but they get 30-50% more propant for that price.  Which has led to 50%+ more IBOP.  So we won't see the drop off in production that we anticipated.  OPEC is blowing smoke trying to hold OPEC together.  It's on the edge of collapse.</p></blockquote><p></p>

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