With difficulties and challenges, new opportunities can open for you. The O & G industry has always been sort of boom/bust, at least as far back as I can remember, some 70 years. It does appear that the price of crude is coming back, slowly but surely. The entire world's economy has been pretty much in a recession for almost a decade now and that's what has to turn around for O & G to do well.
I wish you both the best in this period of turmoil.