Oil price to make shale profitable?

I am going over Oilprice.com's free document called "Tricky Terminology That Can Make Or Break Your Bottom Line" they sent to me this week. I came across this statement on page 6:

"Many US shale projects are unprofitable unless oil prices are at $80 per barrel at least."

Is the $80 figure correct. I thought it was around $40 that's why producers in America are expected to produce more this year. If $80 is the case, are there any government subsidies in all this?

 

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Prices are all over the place, and it depends where you're drilling and a ton of variables. Here's another Oilprice.com piece from late January that discusses some of the variations (always changing). I think you'll find it interesting. And no, there are no government subsidies. 

https://oilprice.com/Energy/Energy-General/Why-Is-The-Shale-Industry-Still-Not-Profitable.html

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