US Oil production: How long can stripper wells last at $30/bbl?
Stripper well production has been under the microscope lately with oil prices near $30/bbl. Shut-in volumes could have major implications on the US supply picture. Even as some of these wells are currently operating at a loss, the decision to shut in production is not a simple one. Low prices must persist for months at a time before an operate decides to incur the cost of shutting in production or abandoning a well.