GlobalData: best performing wells in Permian break-even at as low as US$22 per barrel
Green Car Congress
JUNE 27, 2018
During the last three years, companies operating in the Permian basin have drilled much longer laterals and used substantially more complex well completion design in their newer wells with the aim of reaching higher initial production (IP) rates. On 25 June, the price of a 42-gallon barrel of West Texas Intermediate Crude (WTI) was $68.08.
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