I believe it may be.

With drilling companies being hit hard many will be willing to work for less.

This would translate into lower cost for E&P companies to drill wells.

So we may see some companies drill and complete wells at this time of reduced costs.

Those companies may shut in the wells until pricing rebounds; or produce at a limited level to cover costs.

I certainly believe that we may see some companies take advantage of the lower drilling and completion costs to drill wells in areas where leases are expiring in order to HBP the land covered by those leases. Of course this scenario might not be a good thing for some land owners.

Just a thought.