Onsequences for domestic oil & gas companies resulting from the recent crash in oil prices
I need a paper that goes into detail about how the recent drop in commodity (specifically oil) price has affected oil and gas companies in the United States. Specifically I need numbers detailing the drop in rig counts in the United States. Go into detail about the number of layoffs in the oil and gas industry and how this impacts the once booming economies where oil production was booming when oil prices were over $100. Use labor numbers and identify specific oil and gas companies when discussing layoffs and employment numbers. Discuss how the oil and gas industry is coping with the crash in oil prices and speculate as to how long this current situation will last and what this means for the industry as a whole. Use statistics from relevant oil and gas publications.