yet Devon still has enough $$$ to rent generators for uneconomic wells
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Actually not fracking wells when prices are low is pretty good strategy. Why take on the expense when you aren't able to get a good return on the investment? Rigs are usually under contract so its a use it or lose it scenario... Plus leases that are already paid for are running out of term everyday. Drill a well and they're held.
As far as compressors on uneconomic wells... The value is what's still in the ground or the future potential. In order to hold the acreage those wells have to continue to produce or you have to drill new wells. I'm guessing renting a compressor and losing money is still cheaper than drilling a new well when prices are low.
Acreage and reserves are how companies borrow money. It's good to have oil in the ground and sometimes its ok to lose money in one instance when it gains you so much more (i. e. the ability to borrow) in another.
That's pretty "big picture" but I don't think the execs are as dumb as you might think.