US Shale Oil Costs to Rise to $95/bbl by Mid-2030s, Analytics Firm Enverus Says

(Reuters) – The marginal cost of producing U.S. shale oil will rise by as much as $15 a barrel to $95 a barrel in about 10 years, energy analytics firm Enverus said on Tuesday, as stagnating production pushes companies to drill in locations with fewer proven resources. On average, it costs roughly $70 a barrel … Read more