US Shale Oil Costs of Production Cut Less Than Half in Three Years

This is what has the Arabs and  Higher Cost Producers nervous.

According to Reuters this is what has happened from 2013 to 2016:

Cost per barrel from shale basins in the US:

Baaken , North Dakota –From $65/$66 to $30

Eagle Ford, Texas–From $83 to $39

Norbrara, Coladrao and Wyoming –From $76 to $37

Permian Delaware, Texas–From $81 to $39

Permian  Midland, Texas–From $98 to $39

 

 

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