Title : Breakeven Prices By Basin -- Great Survey: Sent By A Reader -- March 31, 2018
link : Breakeven Prices By Basin -- Great Survey: Sent By A Reader -- March 31, 2018
Breakeven Prices By Basin -- Great Survey: Sent By A Reader -- March 31, 2018
From a reader who sent it in as a comment to an earlier post:The Dallas Fed was out with a survey of executives from 140 oil companies this week, and one of the questions they asked was "What WTI oil price does your firm need to profitably drill a new well?"
Answers from the various Permian plays averaged lower than elsewhere, but not by much...here's the page with the results from the 1st quarter's special questions: link here (https://ift.tt/2E8RPtt).A lot of these links break over-time. This survey is a keeper; one may want to archive it. It's a great site: it is very interactive with downloadable charts and data.
The first graphic:
More at the linked article.
One comment: I'm amazed at the range with regard to answers to both questions, but particularly the range at which companies can be profitable -- as low as $20 in the Permian (Midland) where the low is $40 in the Bakken.
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