$65 to 70 Dollar oil puts all out shale plays back in business and it would still crushes Russia and Venezuela.
http://www.businessinsider.com/break-even-oil-prices-for-all-the-major-producers-in-the-world-2015-7
“Libya needs the highest price, above $180/barrel, to break even. Qatar can get by with oil below $80/barrel. Russia and Saudi Arabia’s break-even prices are both around $105/barrel, and Iran’s is nearly $130.”
Not all but most.
Dunn County has the lowest break-even oil production costs, bringing more stability to the county during a time of uncertain oil prices.
Calculations by the North Dakota Department of Mineral Resources show that total revenues overtake production costs at $24 per barrel in the county. By comparison, McKenzie County was listed at $27 per barrel, Williams County at $38 per barrel, and Stark County at $41 per barrel.
The highest break-even costs calculated were in Bowman, Slope, Bottineau and Renville counties, all of which were listed at $85 per barrel.
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“$65 to 70 Dollar oil puts all out shale plays back in business and it would still crushes Russia and Venezuela.”
Being this all-encompassing on any area is really risky and wrong.
Each and every play has non-core, core and very core pockets where the breakeven costs vary.
In the Bakken, there are areas which are far, far below a breakeven like $65/bbl, even lower than the generic that thackney quoted.