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Energy Investing
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Re: Well Costs A Bone Spring well now costs $11.7 Million to D&C. That's another reason I'm confident the oil price will continue to rise. It has to in order to compensate for higher D&C costs. As Permian marginal barrel break even rises, the oil price needs to rise along with it, since shale is really the "marginal barrel" for worldwide production. |
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Msg # | Subject | Author | Recs | Date Posted |
465301 | Re: Well Costs | navajojoe | 0 | 11/23/2022 2:42:50 PM |