re: Oilfield Folk - Torque & Test Question

Not for long. Frac prices are getting out of control. Drilling is still going because of contracts. A report I got this week showed that over 150 DUCs were getting added to the count monthly. Additionally to that, oil forecasts aren't showing anything over 50 for the rest of the year, with one investment bank thinking it could be 30 at some point. Private Equity money will soon dry up and activity will slow. It may not be this week or month, but the rest of the year could be a downtrend. Hopefully that's wrong, but indications are it will happen.