Newfield CEO: 'A Lot of Activity' for U.S. at $55-$60 Oil

The video discusses Newfield's market strategy in response to OPEC's supply cuts and the economic resilience of SCOOP and STACK plays. It covers rig activity plans, hedging strategies, and the US's competitive position in the global energy market. The discussion highlights the potential for increased activity with rising oil prices and the expectation of market volatility in 2017.

What is the speaker's outlook on the US's position in the world energy markets?

What does the speaker suggest about the relationship between oil prices and rig activity?