Just About Every Part Of The Permian Basin Is Unprofitable At $30 Per Barrel
Submitted by Arthur Berman via OilPrice.com,
Less than 2 percent of Permian basin tight oil wells are commercial at $30 per barrel oil prices.
Sorry about that. I know that many believe that U.S. shale and tight oil plays are commercial even at current low oil prices but data on the Permian basin and Bakken plays simply does not support that belief.