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To: ChicagoConservative27

Interesting data:

https://www.statista.com/statistics/748207/breakeven-prices-for-us-oil-producers-by-oilfield/

How representative these numbers are for a lot of the offshore areas our gov’t has restricted development of, I do not know.

How much of these costs are due to over-gov’t and the green agenda I also don’t know - maybe someone has some estimates. For example, Keystone was supposed to send light shale oil to Canada to mix with their tar sands heavy product to make it pipe-able back to the US to be refined. (Also the mix can be adjusted to better suit the refineries.)


22 posted on 09/14/2023 3:39:27 PM PDT by Paul R. (Bin Laden wanted Obama killed so the incompetent VP, Biden, would become President!)
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To: Paul R.

That’s “operating”. That is, break even to keep pumping an existing well.

Wells deplete and dry up and must be re-drilled.

The needed price to replace wells is much more like $90, although the Permian Basin is lower.


25 posted on 09/18/2023 12:24:56 PM PDT by MeanWestTexan (Sometimes There Is No Lesser Of Two Evils)
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