We’re getting into the zone where US shale producers stop making money. We’re getting into the zone where U.S. shale producers stop making money, John Kilduff, founding partner of Again Capital Management LLC, has outlined in a Bloomberg radio interview. “You’re getting into that zone now … particularly when you sort of add in all the costs, not just the pure say drilling and extraction methodology. That’s going to start to get tough for them right now,” Kilduff said in the interview on Wednesday. “But they have been successful, many of them, particularly in the Permian Basin where they’ve driven breakeven costs down to around $35 to $40 a barrel,” he added. Last month, Timothy L. Dove, president and CEO of Pioneer Natural Resources, said the Permian continues to be the best place to be in the shale oil business . In a comment published on Pioneer’s website, Dove […]