OPEC Gusher to Hit Weakest Players, From Wildcatters to Iran - Bloomberg

OPEC Gusher to Hit Weakest Players, From Wildcatters to Iran - Bloomberg



That’s because only about 4 percent of shale production needs $80 or more to be profitable. Most drilling in the Bakken formation, one of the main drivers of shale oil output, returns cash at or below $42 a barrel, the IEA estimates.