I can`t speak for LA , but a friend of mine in TX said almost all land based rigs and exploration are/is being shut down . Per Jerry , the current cost of
oil is too low to support any exploration etc . Believe it or not ,
oil needs to be up in the $70 to $80/barrel range minimum . ... boy how things have changed . When I was involved with that industry , I can remember $20/barrel
oil ... and it was a disaster back then .
Bob