Posted by Back Forty Bob. on January 20, 2015 at 20:15:24 from (69.81.134.220):
In Reply to: $5 gas by end of 2016 posted by GeneMO on January 20, 2015 at 08:18:48:
I work for a small company(less than 50 drivers) hauling frac sand. Work for a large drilling/ completion company. We just took a 20% rate cut. The drilling company is slashing their operations. Because they like us(We kiss their donkey) we will still have work enough to be busy. There are many gas wells left to frac. It would not take long for the drilling/completion companies to resume their operations back to 100% once this turns around. Best guess I have heard is $85/barrel by fall.
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