Oil in the ground value5 Nov 2018 11:18
3$ a barrel offshore small field
5$ a barrel offshore large field
5$ a barrel onshore small field.
7$ a barrel onshore large field
Onshore drilling costs and lifting costs much lower than offshore.
Wild Horse cos of sheer size is 7$ a barrel. Drilling for 2.6 billion pounds
Production profit at 45$ a barrel is hell lot more. Can this dream come in.... tick tock another day closer.
4 fully funded back up drills to come!