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To: headstamp 2
What is the current price per barrel that this technology needs to remain cost effective for extraction?

I do not believe there is enough wells with flow test data to provide a good answer to that question, at least not yet.

Keep in mind the Utica contains Natural Gas and Natural Gas Liquids as well as oils and the quantities are still very preliminary.

However, this article from a very good source stated that prices could be depressed and still be economical.

14 posted on 09/26/2011 7:37:45 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney
However, this article from a very good source stated that prices could be depressed and still be economical.

Also, over the next 30 years as the Saudi oil reserves start to become depleted, and natural gas starts replacing oil in some usages, the price of natural as will go up, making economical some areas that might currently be marginal.

17 posted on 09/26/2011 8:12:54 AM PDT by PapaBear3625 (When you've only heard lies your entire life, the truth sounds insane.)
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