RE:No sure why cpg slow the buyback They are probably trying to decide if they should reduce their drilling initiatives or follow through for their shareholders holders. Well they can't stop spending money so I don't know what to expect. At these prices it would be best to delay drilling.
Also the reason what the states are producing more oil with less rigs may have something to with efficiency but more than likely the main reason is the DUC's are at the lowest level since they started keeping track of them. IMO