Conversely, prices less than a index price indicate the companies are losing money. However, true oil production costs are higher than the breakeven in this type of analysis. Missing from these numbers are the additional costs that aren’t directly related to the physical production of oil and gas. Corporate overhead and interest payments add SHALE BREAKEVEN OIL PRICE PER BARREL OF OIL EQUIVALENT US EAGLEFORD $60-80 ===== UBS INVESTMENT RESEARCH (Oct. 14) BASIN BREAKEVEN OIL PRICE PER BARREL EAGLE FORD $43.34 MIDLAND NORTH WOLFCAMP $52

The consensus target price is listed at $214.63. Pioneer closed trading on Tuesday at $180.23 a share. With the industry looking to the Permian Basin to provide annual production growth, the plunging wellhead breakeven costs in the region are a huge positive. Conversely, prices less than a index price indicate the companies are losing money. However, true oil production costs are higher than the breakeven in this type of analysis. Missing from these numbers are the additional costs that aren’t directly related to the physical production of oil and gas. Corporate overhead and interest payments add SHALE BREAKEVEN OIL PRICE PER BARREL OF OIL EQUIVALENT US EAGLEFORD $60-80 ===== UBS INVESTMENT RESEARCH (Oct. 14) BASIN BREAKEVEN OIL PRICE PER BARREL EAGLE FORD $43.34 MIDLAND NORTH WOLFCAMP $52 Permian breakeven prices can range between $32-47/bbl. This leaves the door open for even junior companies such asPetroleum Corporation (CSE:OIL), which just released a shareholder letter from its Average well lateral lengths have increased by more than 1,500 feet since 2016 to approximately 7,500 feet by the end of 2017. An analysis of recent wells for 26 operators in the Permian Basin indicates a break-even oil price ranging from $21 (£15.8) to $48 (£36.2) per barrel.

23 May 2019 The Midland and Delaware sub-basins of the Permian Basin “routinely” have lower breakeven prices on average than other locations.

This report provides a basin-level view of all three hydrocarbon streams in the Permian Basin and a forecast of rig activity based on forward prices. into natural gas, oil and NGL production and infrastructure projects in the Permian we forecast rig activity based on forward commodity prices and breakeven economics. 22 Oct 2018 Breakeven oil prices have fallen to around $40/ barrel in most major U.S. Permian Basin, adjusting Bloomberg's breakeven pricing to account  27 Jun 2018 A GlobalData analysis of recent wells for 26 operators in the Permian basin indicates a break-even oil price range from US$21 to US$48 per  23 Jan 2020 Increasingly production out of the prolific Permian has been pivotal to country's crude resource base; and relatively high oil prices, at least Permian Basin by Houston-based investment bank Tudor, Pickering, According to Oslo-based consultancy Rystad Energy, LTO breakeven prices range between 

11 Oct 2017 In a briefing today, analysts outlined the current economics of Permian wells, examining how the country's most popular basin can handle 

1 Oct 2015 Aside from shale oil, the lower oil price environment will also impact global oil The Permian Basin, which is located in West Texas and southeastern unconventional gas breakeven prices at a range between $3- $5 per. 25 Jun 2018 Best performing wells in Permian have recorded break-even price at as low as US$22 per barrel, says GlobalData, a leading data and 

For example, Bloomberg New Energy Finance’s breakeven prices in the Permian range from $46 per barrel in Loving County to $87 per barrel in Reagan County. The wide variability is largely driven by the quality of the rock, with wells in Loving County typically producing at higher rates and lower costs relative to Reagan County.

9 Oct 2019 With oil prices losing ground recently, investors are naturally worried, but oil is With BP's efforts to lower its break-even point (or the barrel price at Permian Basin acquisitions and better trading performance continue, BP  1 Aug 2019 Despite relaxation of transport constraints in the Permian basin, Those prices remain well above break-even prices reported by shale  3 Jan 2019 An oil pump churns in Midland, Texas, the heart of the Permian Basin oil boom Not even the plunge in oil prices in recent months, which led some new Permian oil wells break even around $50 a barrel–far less than the  9 Jan 2019 The outlook for oil prices in 2019 is highly uncertain, but the effects of breakeven prices for shale drilling in the Sprayberry (Permian basin) at  19 Feb 2019 Their deeper involvement in the Permian Basin is important for several reasons. For one Crude Prices And U.S. Shale Oil Break-Even Levels.

7 Jan 2019 Permian breakeven prices can range between $32-47/bbl. cost (i.e., break- even) basins in what Ehsan termed as a "crude oil world defined 

This report provides a basin-level view of all three hydrocarbon streams in the Permian Basin and a forecast of rig activity based on forward prices. into natural gas, oil and NGL production and infrastructure projects in the Permian we forecast rig activity based on forward commodity prices and breakeven economics. 22 Oct 2018 Breakeven oil prices have fallen to around $40/ barrel in most major U.S. Permian Basin, adjusting Bloomberg's breakeven pricing to account  27 Jun 2018 A GlobalData analysis of recent wells for 26 operators in the Permian basin indicates a break-even oil price range from US$21 to US$48 per  23 Jan 2020 Increasingly production out of the prolific Permian has been pivotal to country's crude resource base; and relatively high oil prices, at least Permian Basin by Houston-based investment bank Tudor, Pickering, According to Oslo-based consultancy Rystad Energy, LTO breakeven prices range between  13 Dec 2019 Not all of the resource can or will be recovered, but if Brent crude prices remain solidly above $60 a barrel, production companies should break 

14 May 2019 Today, the average breakeven price for the same oil is estimated to be oil derricks that dot the landscape all throughout the Permian Basin,