RE:RE:BTEKelvin wrote: I think that a discount is built into the sp as a hedge against the risk that oil prices will drop. Bte reports break even costs of $58 per barrwl at Eagle Ford while Exxon is producing at $41 per barrwl in the Permian snd think that they can cut it to $25. So they'll still be making money at say $55 Bren5 while bte will lose money. Why doesn't someone ask those Eric guys why they can't reduce the break even cost at Eagle Ford. My guess is that the field is already pretty much been tapped out of the high margin oil with still lots left to produce but at much higher cost.
Hey Kelvin where are you getting the $58 breakeven point on the Eagle Ford production? I thought that Greagher said they were break even around 47.
What happened to Country Boy?