The rig count is expected to be cut in half as oil prices collapse and as an all-out Crude Oil war between Saudi Arabia and Russia takes hold. Hess CEO John Hess said Companies should significantly cut back on CapX in order to survive this downturn.
The rig count is expected to be cut in half as oil prices collapse and as an all-out Crude Oil war between Saudi Arabia and Russia takes hold. Hess CEO John Hess said Companies should significantly cut back on CapX in order to survive this downturn.