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Juno

3,881 Posts.

04/07/17

04:25

Post #: 25644075
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Originally posted by malmanu ↑

Current oil price around $46 per barrel, surely oil production in Alaska is going to be $50 per barrel plus if it costs $45 per barrel in the most attractive shale basin in the world . There is no funding for new shale oil projects imo.

http://oilprice.com/Energy/Oil-Prices/Shale-Rebound-Runs-Out-Of-Steam-At-40-Oil.html

But with oil prices now sharply lower, the issue of rising production costs is a more urgent issue. According to Wood Mackenzie, the average oil well even in the most attractive shale basin in the world – the Permian Basin – breaks even at roughly $43 per barrel. Importantly, that breakeven price is actually higher than it was earlier this year at $39 per barrel. Service costs will continue to climb this year, and the breakeven price in the Permian could rise to $45 per barrel in the months ahead.

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Actually $29-$39 a barrel, depending where you are, falling from around $98. Might go up a little from here, might go down, but trend is down.

Average for key plays is $35.

http://www.worldoil.com/news/2017/2...xpect-from-us-shale-break-even-prices-in-2017

Last edited by Juno: 04/07/17

88E Price at posting: 5.2¢ Sentiment: Hold Disclosure: Held
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Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $57.78M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.2¢	$8.35K	2.888M

Buyers (Bids)

No.	Vol.	Price($)
150	213799293	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	654956588	196

View Market Depth

No.	Vol.	Price($)
151	213864300	0.002
304	1066611451	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	654956595	196
0.004	292030632	111
0.005	74031713	55
0.006	118026039	39
0.007	24406369	26

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