RE:RE:RE:RE:RE:Oil Down ... Stay Down ... PLEASEFantome... Yes if the buyers gets price based on cost of current production and replacing decline they could continue pumping.
Why would they even need to continue pumping if they are a large enough company where they could just buy the assests, and either they shut down and cap existing producing wells they bought or continue to operate the existing wells they got ( whichever is more profitable, as the more wells they run the higher their operation cost and capex gonna be when they gotto replace the declines ) No company wants either of these values going higher as long as oil prices are as low as they are now.
Most producing companies , I assume, are just trying to tread water right now and just keep afloat rather than expand and grow their business. That will change probably when oil hits 50$ range