don't think jawboning will avoid a sticky end Mark Papa, ex head...

don't think jawboning will avoid a sticky end

Mark Papa, ex head of EOG, echoing sentiment expressed at NAPE by one of the interviewees in the video in that thread here, suggests it looks like the worst downturn since the mid eighties and expects decimation, bodies everywhere

http://english.aawsat.com/2016/02/a...t-forecasts-doom-for-some-drillers-amid-slump

On the bright side, having a look at EOGs recent yearly summary for 2015 and report on the last quarter, EOG appears upbeat despite a rather hellish multibillion drop in revenue.

"EOG has now identified more than 2 billion barrels of oil equivalent (BnBoe) of estimated net resource potential and a decade of premium drilling inventory that can earn superior returns in a low commodity price environment," Thomas said.  "Breakthroughs of this magnitude are unique and will enable EOG to extend its lead as the low-cost U.S. horizontal oil producer."

http://investors.eogresources.com/2...Program-Focused-on-Premium-Drilling-Inventory