Shale oil is not monolithic. There are lots of different plays that have very di

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Nov 25, 2014
1:02:40pm

jbonita

Shale oil is not monolithic. There are lots of different plays that have very di

fferent profitable price points. Also, there are lots of different areas within each play, which also have very different price points. Some as low as $40, some close to $100. Also, lots of operators are hedged out through 2015, so they will be selling at a number higher than $75.

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jbonita

Bio page: jbonita
Joined: Jun 6, 2009
Last login: Mar 3, 2024
Total posts: 1,520 (15 FO)

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Messages

Author

Time

Crude currently trading around $74/barrel. What does this

Rich Lather

11/25/14 12:50pm

RE: Crude currently trading around $74/barrel. What does this

supertux

11/25/14 12:51pm

I have read that shale oil is cost effective down to $60/bbl

Hinta

11/25/14 12:55pm

I've heard shale is still profitable even around $60/barrel. Anyone know?

Grit for Brains

11/25/14 12:55pm

"80% of the American shale sector...is profitable at prices between $40 and $80"

11/25/14 12:55pm

Maybe so, but I don't think you'll get to many new wells/operations at $40 per

Japan Coug

11/25/14 1:05pm

Probably limits new ventures for a while

lawboy

11/25/14 12:56pm

I suspect shale oil production is going to drop a lot.

Lance71

11/25/14 12:56pm

It means less profits for sure. And at some point, it doesn't make sense to

Japan Coug

11/25/14 1:02pm

Shale oil is not monolithic. There are lots of different plays that have very di

jbonita

11/25/14 1:02pm

nothing but global warming will cool the planet as a result of increased oil use

workinglate

11/25/14 1:05pm

The reality is you can't really make a blanket statement that the "shale plays"

ray ray

11/25/14 1:13pm

Idk, but if crude remains low for a bit, lots of people will be freakin out here

11/25/14 1:32pm

Agreed... And because of how the media has portrayed the O&G companies...

CATXCoug

11/25/14 1:37pm

I'm no pro on this subject. Why is cheap oil a bad thing for America?

Grit for Brains

11/25/14 2:26pm

On my cell so I can't give a long dissertation,

CATXCoug

11/25/14 2:39pm

I work in an industry that consumes a lot of oil, and definitely benefits from

Japan Coug

11/25/14 2:43pm

I don't think there is too much empirical evidence to indicate that oil below

Japan Coug

11/25/14 2:33pm

Quite a few other oil producing countries also need higher prices. I think we

Non-donor troll

11/25/14 2:06pm

OPEC won't. They are making a power play.

lawboy

11/25/14 2:20pm

^This

11/25/14 2:26pm

I think there's something of a natural "floor" in oil prices at around $70-$80,

Japan Coug

11/25/14 2:36pm

Can all of OPEC really afford to do that though? Russia needs it higher too.

Non-donor troll

11/25/14 2:51pm

Maybe more than people want, but there is a lot of interesting related content

ray ray

11/25/14 3:05pm

Saudi Arabia is the biggest power player in the game. And it appears they are

Lance71

11/25/14 3:17pm

And don't forget Iran!

Non-donor troll

11/25/14 3:19pm

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