Average U.S. Shale Breakeven Oil Price Has Dropped 42 Percent in Four Years

The World Bank released its October 2017 Commodity Markets Outlook last week, finding the average U.S. shale breakeven oil price has dropped more than 42 percent since the beginning of 2013, thanks to technological improvements. Advances in technology and drilling techniques such as hydraulic fracturing, coupled with resource rich domestic shale plays, means American producers are continuing to thrive despite lower commodity prices. In the latest data from the U.S. Energy Information Administration (EIA), shale production accounted for over six million barrels per day (b/d) in October of this year, up from about 1.5 million b/d at the start of 2010 – a 400 percent increase. Read More.

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