The story on this dying turd is that their equipment is tired and worn out. They cannot compete with companies that have modern equipment. The majority of the companies out there drilling have more money than brains right now. They are drilling for show to bring in dollars, so they hire the companies with the prettiest equipment, and that isn’t these guys. The days of the independent oil man are going away quickly, and that is who they catered to. The eagle ford shale play is the largest uneconomic play in the world. Ask BHP. When this chit turns upside down, we are doomed. Trump won’t be able to help. Basic is dying with the rest of the independent oul men, we can compete with corrupt money.
