"Two weeks ago, I was made privy to such a similar story here in Albertastan where wells with dual 1.5 km [~ 1 mile] laterals and 30 stages of fracking per lateral were done for about C$3-4 million within some 10-14 days. These wells will make money at present prices."
Thank you for sharing this information with us JW.
However I am somewhat confuse with the following: What is the definition of "making money/profitable" that we see in all these articles. Is it the same for everybody ? Are all the expenses included and with a PoO of $50-60 showing a positive number at the bottom of the balance sheet, meaning a company can live with this PoO for all their future wells from now, or is it profitable considering a subset of the costs .