IHS says most shales still profitable at $50 oil
Posted: Wed Feb 25, 2015 10:45 am
http://ihs.lookbookhq.com/ihs-is-here-f ... rce=Eloqua
I agree that the Tier One acreage in the shale plays is still profitable at $50/bbl only because drilling & completion costs have come way down. The use of so much more sand per well is why I still recommend EMES and HCLP.
I agree that the Tier One acreage in the shale plays is still profitable at $50/bbl only because drilling & completion costs have come way down. The use of so much more sand per well is why I still recommend EMES and HCLP.