Shale -- February 8, 2019 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Shale -- February 8, 2019, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Shale -- February 8, 2019
link : Shale -- February 8, 2019

Shale -- February 8, 2019

From Rigzone:

• Apache will do more with less
• will cut CAPEX for 2019 from $3 billion to $2.4 billion
• did not cut production guidance: 410K to 440K boepd
• expects strong 4Q18 to 4Q19 production increases of 6 to 10 percent as a company; 12 to 16 percent in the US and 5% from the Permian
• targeting a "cash flow neutral" plan
• assumption: WTI at $53/oil -- 2019 average

Rystad, re-posting: yesterday it was noted that Rystad felt Permian shale operators could be profitable on $45 oil. I missed an important word in that post. See if you can find it:

“Our conclusion is that the average well completed during 2017 and 2018, which mirrors the most likely production profile and costs, appears very profitable even at local oil prices of $45/bbl,” said Per Magnus Nysveen, Rystad Energy senior partner.  

Yes, the key word that I glossed over: very.

Succinctly: the Permian appears very profitable even at local oil prices of $45/bbl.

Rystad did not use these words:

• break-even at $45
• possibly profitable at $45
• profitable at $45

But, rather "very profitable at $45/bbl oil

http://bit.ly/2dZyQXu

Thus Article Shale -- February 8, 2019

That's an article Shale -- February 8, 2019 This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Shale -- February 8, 2019 with the link address https://mylivemyidea.blogspot.com/2019/02/shale-february-8-2019.html

Tweet

Subscribe to receive free email updates: