Posted On: 05/14/2013 8:26:50 AM
Post# of 39368
Basically it's where the oil being produced, can be done so at a profit.
For instance, in South Dakota in some areas it cost 30 dollars a barrel to transport oil to market.
Here on the Mitchell lease, I believe it's around 2 to 3 bucks.
As the price of oil moves up and down, the commercial viability changes on locations.
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