Once upon a time conventional wisdom said if the price of natural gas or oil rose, the rig count would also rise and consequently more production would be the end result. The reverse was also true: falling prices equal fewer rigs and less production. But that conventional wisdom has been turned upside down with the shale revolution.
Once upon a time conventional wisdom said if the price of natural gas or oil rose, the rig count would also rise and consequently more production would be the end result. The reverse was also true: falling prices equal fewer rigs and less production. But that conventional wisdom has been turned upside down with the shale revolution.