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re: Is there going to be another retraction in oil prices?

Posted on 3/18/16 at 3:25 pm to
Posted by dkreller
Laffy
Member since Jan 2009
30485 posts
Posted on 3/18/16 at 3:25 pm to
LLOG never stopped drilling and completing.

I can believe they break even at $30. They are one of the most if not the most efficient E&P in deep water GOM.
This post was edited on 3/18/16 at 3:27 pm
Posted by crazycubes
Member since Jan 2016
5256 posts
Posted on 4/9/16 at 10:20 pm to
quote:

I can believe they break even at $30. They are one of the most if not the most efficient E&P in deep water GOM


It helped that LLOG - Who Dat came online right when oil was hitting record highs.

If your platform is paid off, then that is a big load off the company shoulders.
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