Oops, I should have checked before listening to one of the workers misquote his company. Now their laying off like wild fire. Support jobs are not oil and gas jobs! My bad.
Goldman Says Shale Might End Up Being a Winner of the Oil War https://www.bloomberg.com/news/articles/2020-04-01/goldman-says-shale-might-end-up-being-a-winner-of-the-oil-war?srnd=premium
A buddy in Houston told me the same thing. Shale oil is about the easiest extraction operation to shut back down and then start up. And oil leases / wellheads never go to waste. The prior operator may go belly-up, but a new operator will most definitely step in and step up when the economics dictate. It’s a captive resource.
A wave of oil bankruptcies is on the way https://www.cnn.com/2020/04/02/business/oil-crash-bankruptcies-whiting/index.html