In the Powder River Basin, Joe Mills was expecting to sell Samson Resources II LLC this year. “Samson is doing very well, thank goodness,” Mills, president and CEO, said in early May.

“We’ve made a lot of good decisions along the way with Samson—outside of the one disappointment: I really thought we would be exiting right about now.”

The rig count in Wyoming had fallen to two by mid-May from 25 the first week of January when WTI was $63, according to the Baker Hughes Co. count. “I don’t know if we’ll go to one or to zero,” Mills said. “It’s just a matter of how long this thing will go.”

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