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Atticvs (a pseudonym), has been an active stock market investor since 1980. For the past 10 years he has been managing portfolios full-time for himself as well as for family and a small group of friends. His investment returns have been substantially higher than the overall market averages. He... More
  • Bakken Break-Evens, County By County

    John Kemp, a respected Reuters oil and energy analyst, has today (9 January) issued a report highlighting that Bakken producers need an overall price of $55 for Bakken total production to remain flat. Here's a link to his article; http://www.reuters.com/article/2015/01/09/bakken-oil-breakeven-kemp-idUKL6N0UO1Z520150109

    Within this article, there is a link to an illuminating report dated 8 January to the North Dakota Department of Mineral Resources House Appropriations Committee by Lynn D. Helms, Director. This report outlines the break-even oil price required on a county-by-county basis across North Dakota. It also shows the total estimated oil production data over the next couple of years under different oil price assumptions - refer page 10. For example, currently Bakken oil pricing is approximately $35, being WTI of about $50 less a $15 differential. A continuing $35 price is estimated to lead to total output falling from the current production of 1,030,000 B/day to 720,000 in 2 years time.

    Click here for the report. This is a very insightful report. Enjoy.

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: Oil, Energy
    Jan 09 10:24 AM | Link | Comment!
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