Originally published by Energy Legal Blog ®.
As the global commodity price rout continues, operators have become hypersensitive to increasing efficiencies in order to lower break-even prices. Following a recovery in early 2016, oil prices have remained somewhat range-bound between roughly $45 and $55 per barrel for the past twelve months.[1] A corresponding decrease in service prices has offered some relief, but this alone has proven unsustainable for many producers to continue their current drilling plans.
Energy, Litigation
John Stavinoha, Andrew Zeve, Austin Lee
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