supply growth to 500-600 Mb/d)." They estimate "that at minimum, the industry would need to drop -160+ horizontal rigs from the "Big Three" plays (Bakken, Permian, Eagle Ford) - or -25% of the near 700 rigs currently operating in these plays. The implications for the overall oil rig count (-1,600) is much mor

compared to peers. Safety In numbers: six out of nine E&Ps in the top quartile have large amounts of acreage in the Big Three unconventional plays (Bakken, Permian, Eagle Ford), which have the top cash margins. These types of names would work well for investors as each of these three plays have upwards of 10-1