[Donald Rumsfeld Fan]

I read that 10 barrels per day at $140. is enough to break even.

I find that hard to believe. Got a source?

Barrels per day at $140 sounds pretty good to me. That's $511,000 annual income from one well. Not bad.

[Donald Rumsfeld Fan]

That's 10 barrels per day at $140 sounds pretty good to me. That's $511,000 annual income from one well. Not bad.

[antisocial]

“Barrels per day at $140 sounds pretty good to me. That’s $511,000 annual income from one well. Not bad.”

Have you ever heard of oil well service companies? These companies do the various jobs of reworking old wells to increase their productivity ie fracking, acidizing,new screens
pump jacks,& motors etc. These services do not come cheap. Some wells require services costing hundreds of thousands of dollars to increase production 1bbl/day. it takes several years to recover those costs.