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re: Oil Wars: Why OPEC Will Win
Posted on 12/15/14 at 2:42 pm to JayDeerTay84
Posted on 12/15/14 at 2:42 pm to JayDeerTay84
quote:
define expensive.
Anywhere between $3M on the low end fields to $9M on the high end Bakken to drill a horizontal well. If you don't understand that shale oil/gas is tremendously expensive in the industry and requires a higher price of oil/ng, then you shouldn't be debating this with people who are obviously in the industry (which I am not).
This post was edited on 12/15/14 at 2:46 pm
1
Posted on 12/15/14 at 2:53 pm to stevengtiger
I know prices per barrels. wanted to know why you made that statement. There are a number of shale producers who are/will be just fine.
It's the small guys is mega debt that will more than likely get naught up by the big guys.
It's the small guys is mega debt that will more than likely get naught up by the big guys.
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