re fracking old fracked wells lowers costs......re fracking previously fracked tight oil wells with new coated frac sands has been found to be about 20% more productive than slick water fracs and produces about 300% more oil. As re fracking old fracked wells only costs $2-3 million versus $6.5-$9 for a new well, costs drop to the low $30's/barrel or lower and why oil production over the short to medium term will continue to increase as rig counts continue to fall......floating storage is now full and storage on land expected to fill over next 8 weeks or so. THEN oil price should collapse and any recovery will be delayed by oil in storage coming to market as hedge funds exit to cut losses again. Aside, grain shipments are at record highs as oil shipments by rail collapse. With no place for oil to go, well shut ins should start accelerating. Ironically, it is oil sands production that will continue as these large operations can't be shut down. It is oil sands operations that will be the "last man standing" in North America......