- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Is there going to be another retraction in oil prices?
Posted on 3/18/16 at 1:33 pm to b-rab2
Posted on 3/18/16 at 1:33 pm to b-rab2
If they need $50 WTI or Brent, they're going to have issues in my estimation. Off shore rigs with 80% fixed costs are breaking even, after royalties, at $35. That is a smaller exploration company with cost of interest. A larger producer should be making money almost down to the $20's.
Some frakers can make money in the $20's.
Some frakers can make money in the $20's.
3
Posted on 3/18/16 at 1:40 pm to Iowa Golfer
quote:
Some frakers can make money in the $20's.
I honestly have a hard time believing this. I've seen the numbers from a WI perspective and the AFE amounts and actual recoveries don't come close to making sense at lower prices levels. I saw recently where EOG needed $34-$37 to breakeven in several areas and I think they have to possess one of the best group of assets of any shale producer.
Posted on 3/18/16 at 1:54 pm to Iowa Golfer
BP Maddog breaks even in the $20's. I know that, I'm sure that's the same with thunderhorse and Atlantis. Those are some amazing assets.
LLOG said that they break even in deepwater in the $30's
LLOG said that they break even in deepwater in the $30's
Posted on 3/18/16 at 10:31 pm to Iowa Golfer
quote:
Some frakers can make money in the $20's.
Without a doubt, very few can service debt at that level though. New drilling and or workover is out the window as well.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News