There is Hope! Down with the Nay Sayers!

U.S. oil drilling has seen its best quarter since crude prices tumbled two years ago mainly due to small operators returning to the well pad, but analysts say the continued recovery in the rig count depends on whether OPEC's output reduction plan can bring the market back to $50 a barrel.

Private or mom-and-pop type drillers, commonly running one or two rigs, accounted for up to two-thirds of the rig count increase, analysts said, which came after U.S. crude futures topped the key $50 mark that spurred producers to return.

It has been my experience that this is how turn arounds in the past have begun.

Look for brighter days in the oil patch soon.

http://www.reuters.com/article/us-usa-oil-rigs-idUSKCN12026P