Kemp: US Shale Breakeven Price Revealed Around $50

10 Aug 2017   Prices, Shale Oil

U.S. shale producers need a WTI oil price around $50 per barrel to break even, according to an analysis of financial statements for the second quarter. Fifteen of the largest shale oil and gas producers reported total net losses of $470 million for the three months between April and June when benchmark WTI prices averaged $48. Total losses were down from $3.7 billion in the first three months of the year and $7.4 billion in the same period in 2016, according to earnings statements published in the last week ( ). Nine of the companies in the sample reported positive net income in the second quarter, down […]

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