Helping America Navigate a New Energy Reality

Quote 2 – 12 January 2015

By on 12 Jan 2015 in quotes

“Sweet crude from the Bakken fetched less than $32 per barrel on Jan 6, and sour crudes were worth less than $23, according to posted prices from Plains Marketing.  At these price levels, there are no parts of the Bakken, whether in the core areas of the play or on the periphery, where drilling new wells makes financial sense.”

— John Kemp, oil market analyst for Reuters

Comments are closed.

Top