They don't call the shots so much now so it will stay at a consistent and stable price from now on. It will go up to fracking costs or fracking costs will come down to drilling.
I'm not sure if you're talking about OPEC here, because they have just shown that they ARE calling the shots. The US were well on the way to oil & gas independence by using the Canadian fracking method, the last thing OPEC wants is a US market which doesn't need it's oil so it engineers a price drop by not cutting output & the price goes down. BHP has announced that it will reduce it's drill rig count in the US by 40% by the end of the year, once the US is no longer on the path to independence I'll bet that OPEC will reduce production & the price will go up again.
I hate the feeling when I realise that I am merely a pawn in the game.