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"These wells may be in parts of the Permian that have higher breakeven levels, as noted in the same column by Reuters’ Bousso, echoing the industry’s earlier warnings. For now, with prices where they are—WTI at around $100—higher breakeven levels are not really a problem. The problem is that nobody knows how long prices will remain where they are. Based on recent history, traders react strongly to even the slightest—and factually questionable—suggestion that the war might end soon, with prices taking a plunge seconds after the suggestion is out." Oilprice.com
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Hope in the Oilfield is Never a Good Plan
This is Exxon in the Midland Basin, the largest right oil producer in the Permian, thru February 2026. It carpet-bombed the Midland in 2025 with long laterals but whoa Nellie, look at 2025 decline! The bigger they are, the harder they fall. Look closely at oil cumulative v. time, upper right; when not normalized, in other words, in spite of longer laterals, its EURs appear to be headed the same path as Pioneers. Well interference, bench degradation/pressure depletion has the Midland Basin by the ying-yang.
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The materials provided on this site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. I may make data related mistakes occasionally; if you use my opinions about oil reserves or shale well economics for financial purposes, to buy or sell stocks, your nuts. Don't do that. If I have used a photograph incorrectly it was for educational purposes and I have done my best of to give credit where credit is due. My stories are all true, slightly embellished, perhaps, but true; I don't change names to protect the guilty. I am as accurate as possible about history and historical facts; I work very hard at that.All rights are reserved, whatever that means. Don't blame me, I didn't do it.
