Yes, as the results of decades of experience with hydraulic fracturing combined the use of horizontal steerable directional drilling and multi-lateral taps, it has declined down to the relatively low numbers in the article, $50 ~ $65.
With the right leader, we could return to $30 per barrel prices within 10 years....
You are dreaming without knowledge.
I know you are knowledgeable about the industry. I am in it as well.
What most fail to consider is the impact of abundant domestic natural gas on the demand for oil, hence the price.