Helping America Navigate a New Energy Reality

Quote – 4 May 2015

By on 4 May 2015 in quotes

“The U.S. oil production decline has begun. It is not because of decreased rig count. It is because cash flow at current oil prices is too low to complete most wells being drilled…The decrease in well completions provides additional evidence that the true break-even price for tight oil plays is between $75 and $85 per barrel.” 
 
Art Berman, independent consulting geologist

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