Low oil prices hurting some US shale operations; slumping oil prices putting pressure on drillers
Green Car Congress
OCTOBER 23, 2014
For example, the pricey Tuscaloosa shale in Louisiana breaks even at about $92 per barrel. But that also reflects the high costs of starting up a nascent shale region. Another factor that could insulate US oil production is that companies also factor in sunk costs. Much rides on the decision making of officials in Saudi Arabia.
Let's personalize your content