breakeven
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The chief operating officer of Chesapeake Energy tells the Unconventional Resources Technology Conference that small wins can pave the path to big achievements.
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Enverus claims hundreds of millions of barrels of gas condensates are nowhere to be found in public data due to a major reporting gap.
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If the benchmark oil price is $10/bbl higher than the breakeven price for production that means companies are making good money, right? Maybe, but it’s hard to know what goes into a breakeven price.
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Low oil prices have made the goal of this Petrobras project and its four partners to lower the break-even price of operating to USD 35/bbl.
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Aggressive drilling growth in the Permian and other shale plays belies the cost of those wells, which in many cases are in the red.