WTI~48.
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Originally posted by Shane View PostIs that for drilling a new well or for pumping an existing well?
drilling a well is 3-8 million, fracking/completions is several million, getting pipelines installed is costly, but once that's all done, the cost of the well is just maintenance with production, workover's, etc.Last edited by kyle1974; 01-06-2015, 11:23 AM.
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Originally posted by Breezy View Postnot actually a bad idea.
it blows my mind every time i drive through kennedy/karnes city and see how many hotels, banks, dry cleaners etc. are there. Its crazy how much stuff is there now. Great for the town ! Sad to see this happening.
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Originally posted by kyle1974 View Postnew wells. I saw a report that was based on drilling permits. once the infrastructure is in place for a well, the cost to keep it going is greatly reduced.
drilling a well is 3-8 million, fracking/completions is several million, getting pipelines installed is costly, but once that's all done, the cost of the well is just maintenance with production, workover's, etc.
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Originally posted by kyle1974 View Postbetween $40 and $55 is what I've seen... depending on operator and area.
The markets have taken a pounding in the last week alsoLast edited by bphillips; 01-06-2015, 12:15 PM.
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Hey Oilfield Guys!!
That's just break even. If it were me, I wouldn't throw the money out there to make $5 a barrel anyway. The eagle ford has a much lower break even than many plays in west texas or the bakken.
The other thing is, those are current break evens. As prices for services go down, the break even goes down.
I do agree that what we'll see is mainly lease holding drilling though. People aren't going to spend the money to barely break even.Last edited by kyle1974; 01-06-2015, 12:18 PM.
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Originally posted by KR-oldmexico View PostRoger that! You will start to see a lot more pulling units!!
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