RE:Oil Rig Count Collapsei work for a succesful/profitable blue chip oil company (even at those low oil prices). the time in economic cycles when we actually ramp up our planning and excecution of projects is when oil prices are down, as that allows us to pay cheap for engineering consultancy services, construction, drilling, etc. CRS/EXX are following what the top companies do, explore and develop during those times. just my two cents.