Wall Street Journal article

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Orindakid
Posts: 119
Joined: Wed Mar 09, 2016 8:01 pm

Wall Street Journal article

Post by Orindakid »

Hey folks,
I am interested to hear your thoughts on this article.
https://www.wsj.com/articles/fracking-o ... mwhatsnews

Regards
dan_s
Posts: 37335
Joined: Fri Apr 23, 2010 8:22 am

Re: Wall Street Journal article

Post by dan_s »

There is plenty of oil left in North America's top basins. It is just a matter of price. Not much is economical at $50/bbl, but we have plenty at $100/bbl and a heck of a lot at $200/bbl.

EOG has over 10,000 low-risk drilling locations that will pay out in less than a year at $80/bbl.
Dan Steffens
Energy Prospectus Group
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