rig counts ,can be smoke and mirrorsas we all know not long ago, one rig drilled one hole ..simple.....now one rig can drill not only multiple zones, along a drill length....but they also will set up on site , and not move and drill multiple directions...you can not go strictly off drill count. also there is an inventory of over 4000 plus wells waiting to be fracked. there is also the fact that as technology progresses, there is a trend for higher returns, and or quicker depletion, I have worked for both calfrac, and trican , and have seen huge changes in my fifteen years in the oil patch, been through three oil down turns....all I can say is...it has all ways rebounded in the past, ...but then again Ithaca is one company in a sea of many competitors...all comes down to management...and $$$$$$$$$, only time will tell, happy tradeing to all