Breakeven prices on prime U.S. onshore acreage over the past two years generally have been in the range of $30-40/bbl of West Texas Intermediate (WTI), but the “best performers” are uncovering resources below $20, according to Rystad Energy.
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U.S. Oil Rail Shipments in Quandary Following Quebec Derailment
The future of continued robust growth in railing domestic crude oil supplies has come into question following the Quebec oil tanker car derailment in July, but the transporters don’t see a slowing trend longer term.
August 22, 2013