Breakeven Prices By Basin -- Great Survey: Sent By A Reader -- March 31, 2018

From a reader who sent it in as a comment to an earlier post:

The Dallas Fed was out with a survey of executives from 140 oil companies this week, and one of the questions they asked was "What WTI oil price does your firm need to profitably drill a new well?"

Answers from the various Permian plays averaged lower than elsewhere, but not by much...here's the page with the results from the 1st quarter's special questions: link here (https://www.dallasfed.org/research/surveys/des/2018/1801.aspx#tab-questions).

A lot of these links break over-time. This survey is a keeper; one may want to archive it.  It's a great site: it is very interactive with downloadable charts and data.

The first graphic:

More at the linked article.

One comment: I'm amazed at the range with regard to answers to both questions, but particularly the range at which companies can be profitable -- as low as $20 in the Permian (Midland) where the low is $40 in the Bakken.