1.0Westwoodhttps://www.westwoodenergy.comrich600338<blockquote class="wp-embedded-content" data-secret="WBvRaGKtX4"><a href="https://www.westwoodenergy.com/news/westwood-insight/sub-30-bbl-wti-drastically-alters-the-us-unconventional-supply-chain">Sub-$30/bbl WTI drastically alters the US unconventional supply chain</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.westwoodenergy.com/news/westwood-insight/sub-30-bbl-wti-drastically-alters-the-us-unconventional-supply-chain/embed#?secret=WBvRaGKtX4" width="600" height="338" title="“Sub-$30/bbl WTI drastically alters the US unconventional supply chain” — Westwood" data-secret="WBvRaGKtX4" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /* <![CDATA[ */ /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); /* ]]> */ </script> https://www.westwoodenergy.com/wp-content/uploads/2020/04/Impact-on-Supply-Chains-Header-Image-v2.jpg25001642Budget cuts announced to date are expected to result in about half the number of new wells drilled and about 40% reduction in completions activity in 2020 compared to 2019, assuming no additional capital revisions. With little visibility of oilfield service revenue beyond May onwards in 2020, the supply chain has to prepare for the worst as E&P budget cuts may continue