Massive increases in efficiency push shale break-even down to ~$35, preserving the industry's profitability, but the massive automation that is driving the efficiency has killed a lot of industry jobs: American Ingenuity
What's the bad news?74OA said:
Massive increases in efficiency push shale break-even down to $35, preserving the industry's profitability, but the massive automation that is driving the efficiency has killed a lot of industry jobs: American Ingenuity
"Some of the best wells here in the Permian Basin that three years ago required an oil price of over $60 a barrel for an operator to break even now need about $35, well below the current price of about $53."Satellite of Love said:
Down to $35? You high?