{"id":3228,"date":"2014-12-18T17:03:23","date_gmt":"2014-12-18T22:03:23","guid":{"rendered":"http:\/\/olduvai.ca\/?p=3228"},"modified":"2014-12-18T17:03:23","modified_gmt":"2014-12-18T22:03:23","slug":"comstock-suspends-drilling-in-eagle-ford-due-to-plunging-oil-prices-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=3228","title":{"rendered":"Comstock Suspends Drilling In Eagle Ford Due To Plunging Oil Prices | Zero Hedge"},"content":{"rendered":"

Comstock Suspends Drilling In Eagle Ford Due To Plunging Oil Prices | Zero Hedge<\/a>.<\/p>\n

Shale 0 – Saudi Arabia 1<\/p>\n

Following one after another major and shale company announcing plans to trim capex (even as they miraculously still get to keep their revenue and EPS projections intact, for now), the latest victory handed to Saudi Arabia on a silver platter comes courtesy of Comstock Resources (Total Debt\/EBITDA 2.4x, EBITDA $421MM, CapEx $674MM) Comstock Resources said earlier today that in response to low oil prices, plans to suspend oil directed drilling activity in its Eagle Ford shale properties and in Tuscaloosa Marine shale.<\/p>\n

It was not immediately clear how many high-paying oilfield jobs would be promptly terminated as a result of this unambiguously good development.<\/p>\n

<\/p>\n

<\/a><\/a>…click on the above link to read the rest of the article…<\/span><\/span><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Comstock Suspends Drilling In Eagle Ford Due To Plunging Oil Prices | Zero Hedge. Shale 0 – Saudi Arabia 1 Following one after another major and shale company announcing plans to trim capex (even as they miraculously still get to keep their revenue and EPS projections intact, for now), the latest victory handed to Saudi […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[2009,1775,701,723],"class_list":["post-3228","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-comstock-resources","tag-oil-price-collapse","tag-saudi-arabia","tag-shale-oil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3228"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3228\/revisions"}],"predecessor-version":[{"id":3229,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3228\/revisions\/3229"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}