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. That is, if they have already poured in millions of dollars into purchasing land leases and securing permits, throwing in a little extra money to drill the prospect is probably the rational thing to do even at current prices. Source: [link].
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