Serious question here and wanted to see what personnel from a major oil company think about this topic. I will throw in a disclaimer, I work for a major service company. The story of major service companies in our industry for the last 20 years has been capital destruction. Through mismanagement or whatever, these companies are burning through cash at an alarming rate.
From my vantage point, I see many service and suppliers going out of business this time [read this downturn]. I also see the supply chain for this industry being destroyed day by day.
Do you or those at high management levels in your company feel that the day is coming, and perhaps soon, when you need a frac job, a workover rig, a logging job, cement job, artificial lift, and you make the phone call and nobody will answer? Just wondering...seems plausible to me at any rate.