Why aren't we ramping up right now? Drilling costs are about to drop substantially, and we could take advantage of drilling out our full 2020 program at minimum cost to us. And then, when prices recover, crank up production and benefit from it on the other side.
I get that we are dangerously close to insolvency but geez you'd think we could figure out a way to make it work. We always do the opposite. We always drill a bunch when prices (i.e. costs) are high and then sit on our base production when oil is $30/barrel. Drill it cheap, produce it all at a good price, and then pay down some debt and stockpile cash while limiting activity due to increased drilling costs in line with commodity prices. Am I crazy? This seems like obvious business strategy to me.