Well, as you show there’s some as low as 25, and as you also show there’s a heap that will be able to do it again once the poo get’s back up to 50 or more. Plus remember costs will drop as drilling dries up.
What your data does show is that there is a wide range of breakeven costs, which was my main point.
Not arguing that the majority are getting totally crushed by current prices, and are unlikely to be able to justify new wells while the covid demand impact persists - something I think we”ll be living with for a minimum of 2 years.
Not sure we need to see ourselves in disagreement.
EL
OPEC Announces Oil Production Cuts, page-153
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