"Bakken wells typically cost about $50 per barrel to produce."
Not from my research. A Bakken well is currently costing from $5M to $6.5M, depending on the no. of stages fracced. Niobrara, DJ Basin, started the year at $4.5M and is now pushing 5. The Niobrara is a more complex play, meaning it has more hot spots. If you research throughly you will have a clearer picture of what is happening.
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