Low oil prices hurting some US shale operations; slumping oil prices putting pressure on drillers
Green Car Congress
OCTOBER 23, 2014
Baker Hughes CEO Martin Craighead predicted that US drilling companies could begin to seriously start removing rigs from operation if prices drop to around $75 per barrel. For example, the pricey Tuscaloosa shale in Louisiana breaks even at about $92 per barrel. Much rides on the decision making of officials in Saudi Arabia.
247 
Let's personalize your content