According to a new report by Susquehanna, U.S. oil exploration and production (E&P) companies could be back drilling again sooner than many experts expected.

Susquehanna analysts see an improving landscape for many oil projects due to higher well productivity and lower service costs.

Earnings Calls

Analysts picked up on several key themes from E&P Q1 earnings calls. While many of the companies believe that $70 oil will be necessary before offline rigs will begin starting up again, Susquehanna analysts believe that rig count numbers could begin expanding in the second half of 2015 if oil prices remain above $60/bbl.

Susquehanna is projecting WTI oil prices of…

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