Curious where you got that cost from?
A 2023 CNBC article had much higher:
"Instead, the surge is concentrated in the Permian Basin region of Texas and New Mexico, where production costs are among the lowest in the country, said Alexandre Ramos-Peon, head of shale well research at Rystad Energy. Oil from the Permian Basin costs an average of $42 a barrel to produce, he said, with North Dakota in the high $50s to $60. "
I imagine the cost to produce has only gone up a bit in the past 1.5 years with labor costs, but I have no idea.
Liberty Farmer
npub1uw…yfqu7
2025-05-01 15:16:39
in reply to nevent1q…kq8w
Author Public Key
npub1uwh0m2y8y5489nhr27xn8vkumy8flefm30kkx3l0tcn0wss34kaszyfqu7Seen on
wss://relay.damus.ioPublished at
2025-05-01 15:16:39Event JSON
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