Only 1% Of The Bakken Play Breaks Even At Current Oil Prices

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Only 1% of the Bakken Play area is commercial at current oil prices based on my analysis that follows. Only 4% of horizontal wells drilled since 2000 meet the EUR (estimated ultimate recovery) threshold needed to break even at current oil prices, drilling and completion, and operating costs. The leading producing companies evaluated in this study are

via Forbes – Energy http://ift.tt/1Q92may

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