Low oil prices hurting some US shale operations; slumping oil prices putting pressure on drillers
Green Car Congress
OCTOBER 23, 2014
For example, the pricey Tuscaloosa shale in Louisiana breaks even at about $92 per barrel. But that also reflects the high costs of starting up a nascent shale region. Much of the shale basins that are principally responsible for America’s oil production will not feel the effects of low prices as quickly as many are predicting.
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