I never said that bakken wells cost $50m. What I said was that they have costs of around $50 per barrel produced.
"the following is a reasonable outline of Bakken fully-loaded production and extraction costs as reported by E&P companies for 2010:
Operating costs per barrel; $14
Production taxes per barrel; $6
Depletion, depreciation per barrel; $25
Total costs per barrel; $45"
These costs are rising fairly fast and I would be very surprised if costs are under $50 at the present time.
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