Decline in new field exploration and costs to high cost producers will also fee up rigs, staff and be cheaper for funded projects like OSH lower on the cost curve if they find other projects that come to market in distress..
Will be interesting going forward what interest OSH will hold or if they will onsell as they produce quality data and plans which uplift field value . Took em long enough to find and commit to this so I don't they want to pass it on quickly and may want to leverage further in difficult regions.
Not sure if shale companies have long forward sales but I agree many are well underwater at current pricing but are still flooding it out due to needing cashflow to maintain operations rather than death knell of in maintenance and most can't scale down efficiently. Boom or bust and OPEC knows it
