Make or Breakeven: Is Unconventional Oil Production Getting More Efficient?
If the benchmark oil price is $10/bbl higher than the breakeven price for production that means companies are making good money, right? Maybe, but it’s hard to know what goes into a breakeven price.
Brazil Focuses on Cost Control in Deep Water
Petrobras says it can produce oil for a lower break-even price than onshore shale plays, including the Permian Basin. Brazil’s offshore sector has cut the cost of deepwater production but comparisons based on break-even prices are slippery.
It's Hard To Make Money in Deepwater, Even With Billions of Barrels To Produce
Low oil prices have made the goal of this Petrobras project and its four partners to lower the break-even price of operating to USD 35/bbl.
Drilling Costs Flirt with Break Even
Aggressive drilling growth in the Permian and other shale plays belies the cost of those wells, which in many cases are in the red.
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