Saturday, December 21, 2024
The Shale Boom in the Permian Is Slowing Down - 360

30%-50% of Concho’s Assets Work at $40 Oil

Increased drilling efficiencies keep Concho Resources’ assets profitable It wasn’t that long ago that oil reached above $50 per barrel. Then the recovery faltered as production reentered the market after the unplanned supply interruptions in Nigeria and Canada had started prices on the upswing. With the price settling in near $40 per barrel, producers are coming to grips with the