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Originally posted by Denny
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I'm at 3c a kilowatt currently. I need 20-24 220w panels, wholesale is about 260-280 a panel. i did all the calculations on excel, the 10-15yr payoff people keep referring to is the 13.2c a kilowatt in california.
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Anyone in Midland want to grab a beer this evening?
Only 1% Of The Bakken Play Breaks Even At Current Oil Prices
Only 1% of the Bakken Play area is commercial at current oil prices based on my analysis that follows.
Only 4% of horizontal wells drilled since 2000 meet the EUR (estimated ultimate recovery) threshold needed to break even at current oil prices, drilling and completion, and operating costs. The leading producing companies evaluated in this study are losing $11 to $38 on each barrel of oil that they produce, the very definition of waste. Although NYMEX prices are about $46 per barrel, realized wellhead prices in the Bakken are only $30 per barrel according to the North Dakota Department of Mineral Resources. At that price, approximately 125,000 acres of the drilled play area of 10,500,000 acres is commercial (green areas in Figure 1).
Figure 1. Bakken Shale Play commercial area map at $30 per barrel wellhead price. Contours are in barrels of oil estimated ultimate recovery. Contour interval = 200,000 barrels of oil. Source: Drilling Info, North Dakota Department of Natural Resources & Labyrinth Consulting Services, Inc.
The break-even per-well EUR is 700,000 barrels at a $30 oil price. The underlying economic assumptions are shown in Table 1.
Table 1. Economic assumptions and outcomes used to determine the Bakken $30 per barrel commercial area shown in Figure 1. Source: Company presentations and Labyrinth Consulting Services, Inc. There has been much debate about the break-even price for tight oil plays in the U.S. This discussion is largely meaningless because there is no single break-even price for any play.Last edited by Strychnine; 11-04-2015, 02:39 PM.Comment
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Fucking gas prices were up from what I saw this morning.
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Something winter blend something something...Originally posted by Magnus View PostFucking gas prices were up from what I saw this morning.Comment
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Christmas blend FTMFW!Originally posted by Denny
DavidComment
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it's more expensive than the pumpkin spice blend.Originally posted by cobrajet69 View Post"If I asked people what they wanted, they would have said faster horses." - Henry FordComment
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Unfortunately I can't tonight, but the Beer Garden on Highway 80(Business 20) is the place to go for good beer.Originally posted by Strychnine View PostComment
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I'll give you more heads up next time. This was a last minute trip.Last edited by Strychnine; 11-04-2015, 07:55 PM.Comment
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Damn, I was close to the area yesterday. Chilling in San Antonio now, heading to Eagle Pass in the morning.Originally posted by Strychnine View PostComment
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US land rig count -4 this week
Oil -6
Gas +2
And now to our field reporter for an update on the price at the pump... how's it lookin' out there, Magnus?Comment
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LolRonald Reagan:"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."
Homer: "Bart...there's 2 things I know about women. Never give them nicknames like "jumbo" or "boxcar" and always keep receipts...it makes you look like a business man."Comment
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The new winter pumpkin spice blend has officially arrived causing a significant jump in price and increased lines filled with blondes in 3 series BMWs at the pump.Comment
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Originally posted by Strychnine View Post
trending up in oklahoma. up 20 cents a gallon in last week and a half. not rioting yet but time will tell...Comment
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