Dividends OK, page-57

thanks coop

some v useful info there. two points spring from this

a) 99.6% success rate is for bakken - not all basins

b) if cost of production is $11/ barrel for all shale why have you possibly been arguing that oil is going higher?

seems to me you picked what may be the richest field and extrapolated from that traits for all fields.

but it cant be both 100% success rate and ultra low cost and yet be closing down at a rate of knots due to oil price.

does suggest the best and biggest fields will run for years even at sub 50 oil price and that rate of success is v high in those areas. imagine the marcellus shale is also pretty high,.

but its clealry not useable as a generalisation otherwise analysts wouldnt be saying US avg is 80 as they were at start of all this (though im not clear on whether they include traditional oil and gas and unconventional shale to get that or how its comprised)