Permian Giant Oil Field Would Lose $500 Billion At Today’s Prices

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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.

from Forbes – Tech http://ift.tt/2fw4ISE
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