dowmike + 37 ML August 2, 2018 Interesting research from GlobalData Energy (via Forbes) recently out: According to the data from 26 operators in the Permian Basin, the break-even oil prices for wells with lateral lengths of 4,500-10,500 ft is from $21 to $48 per barrel. And the companies allegedly best-positioned here for under $26/ per barrel break-even include: EOG Resources, XTO Energy (Exxon unit), Pioneer, Concho and Chevron. Thoughts? I'm always wary of these data sets ... Quote Share this post Link to post Share on other sites
Rodent + 1,424 August 2, 2018 22 minutes ago, dowmike said: Interesting research from GlobalData Energy (via Forbes) recently out: According to the data from 26 operators in the Permian Basin, the break-even oil prices for wells with lateral lengths of 4,500-10,500 ft is from $21 to $48 per barrel. And the companies allegedly best-positioned here for under $26/ per barrel break-even include: EOG Resources, XTO Energy (Exxon unit), Pioneer, Concho and Chevron. Thoughts? I'm always wary of these data sets ... yeah, breakeven formulas vary. hard to really tell what the true costs are. Quote Share this post Link to post Share on other sites
BillKidd + 139 BK August 2, 2018 Lying about the stats is fraud. Hopefully, they give factual numbers. But what Art Berman likes to point out is that they don't do is count their sunk costs, all of the costs of keeping the doors open OTHER THAN their D&C costs. One thing I will say about XTO is that you NEVER see a public presentation. All the other companies like to toot their horn about how great their acreage and wells are and how rosy everything is. XTO (ExxonMobil) doesn't give a rip. I guess it's because they have so much money, they don't have to impress anybody. I think they are a skilled operator, adept at maximizing production. EOG is good. I have never been impressed with Chevron's production skills onshore. 1 Quote Share this post Link to post Share on other sites
Most Active Members
Recently Online
Popular Members