Low oil prices hurting some US shale operations; slumping oil prices putting pressure on drillers
Green Car Congress
OCTOBER 23, 2014
“Unless there’s a significant reversal in oil prices, we’re going to see continued declines in the rig count, especially those drilling for oil,” James Williams, president of WTRG Economics, told Fuel Fix in an interview. “We For example, the pricey Tuscaloosa shale in Louisiana breaks even at about $92 per barrel. Source: [link].
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