[zeestephen]

Don't get too comfortable, folks.

The USA oil production boom depends on much higher prices.

Oil closed today at $77 per barrel.

It costs $78 per barrel to drill a horizontal fracking well in the Bakken oil field in North Dakota.

[2ndDivisionVet]

Yes, but most Texas plays are good until $60bbl.

[willywill]

“Oil closed today at $77 per barrel.

It costs $78 per barrel to drill a horizontal fracking well in the Bakken oil field in North Dakota.”

I hope the price hasn’t been manipulated in order to make fracking unprofitable.

[Mark17]

It costs $78 per barrel to drill a horizontal fracking well in the Bakken oil field in North Dakota.

I am from North Dakota, so I hope the economy keeps plugging along. I hope also, that necessity is the mother of invention, and that they can find newer and cheaper technology to get it out of the ground. I don't know if they can, but I hope they do. What did they all do, when oil was $35 a barrel? Work in other career fields?