Permian Giant Oil Field Would Lose $500 Billion At Today’s Prices
- Sunday, November 20, 2016, 23:52
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It would cost more than $1.4 trillion to produce $900 billion in revenue from the Permian basin Wolfcamp. That would result in a net loss of $500 billion at $45 oil prices.
That’s a discovery that no one can afford to make.
http://www.forbes.com/sites/arthurberman/2016/11/20/permian-giant-oil-field-would-lose-500-billion-at-todays-prices/
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