To: RightWhale
I read that 10 barrels per day at $140. is enough to break even.
18 posted on
07/06/2008 1:07:19 PM PDT by
rodguy911
(Support The New media, Ticket the Drive-bys, --America-The land of the Free because of the Brave-)
To: rodguy911
10 bpd sounds about right for most of these small wells. It’s probably breakeven, but won’t make a dent in the supply.
20 posted on
07/06/2008 1:10:45 PM PDT by
RightWhale
(I will veto each and every beer)
To: rodguy911
I read that 10 barrels per day at $140. is enough to break even. 10 barrels is the criteria that was used to stop production and cap the well. That 10 a day is with 30 year old technology and pricing. New production methods can at least double that and what with the $100 + prices? We need to make a REALLY big deal out of this as it blows away the "why bother to drill / no results for 10 years" krap argument from the communists.
33 posted on
07/06/2008 1:49:11 PM PDT by
TLI
( ITINERIS IMPENDEO VALHALLA)
To: rodguy911
I read that 10 barrels per day at $140. is enough to break even. I find that hard to believe. Got a source?
34 posted on
07/06/2008 1:54:03 PM PDT by
Popman
(McCain as POTUS is odious, Obama as POTUS is unthinkable.)
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