Insight

Can tight oil costs fall enough?

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Contact us about this report

Report summary

Tight oil producers' initial response to the 2014 price collapse was to cut costs. After the initial WTI price shock producers worked aggressively to lower the cost of supply from onshore US tight oil plays. The more recent downward price movements are indeed cause for concern but our models suggest that the additional cost savings required for wells to break even in a prolonged period of US$45/bbl WTI are not unprecedented and some operators have plans and processes to achieve them.

What's included

This report contains

  • Document

    Can tight oil costs fall enough?

    PDF 292.66 KB

Table of contents

Tables and charts

This report includes 4 images and tables including:

Images

  • Changes in average US onshore well costs (2014 to 2015)
  • Prior cost reductions and the additional cuts needed to break even at US$45/bbl
  • Absolute change in D&C needed to break even at US$45/bbl

Tables

  • Can tight oil costs fall enough?: Table 1

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898