The dynamics of shale
Andrew Harwood, research director (Asia upstream) at global consultancy group Wood Mackenzie, says that cost reductions and productivity improvements since 2014 mean that today only 20% of US tight oil potential production needs prices higher than $60/barrel to break even. “The majority of current shale oil production breaks even at prices below $60/bbl— this is why we have seen so much growth in US production since the start of 2017,” says Harwood
http://www.livemint.com/Money/RyhA0PnY2GLLuiqG3CeUYO/The-dynamics-of-shale.html
Andrew Harwood, research director (Asia upstream) at global consultancy group Wood Mackenzie, says that cost reductions and productivity improvements since 2014 mean that today only 20% of US tight oil potential production needs prices higher than $60/barrel to break even. “The majority of current shale oil production breaks even at prices below $60/bbl— this is why we have seen so much growth in US production since the start of 2017,” says Harwood
http://www.livemint.com/Money/RyhA0PnY2GLLuiqG3CeUYO/The-dynamics-of-shale.html
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