איפה תהיה התחתית של מחיר הנפט?

“Full-cycle capex for shale production includes land, infrastructure, and well costs (of which some 40-50% is from pumps, ~10-15% for drilling rigs) and operating costs. In mature plays where the land grab is over and infrastructure is available, the remaining capex required (“half-cycle costs”) to bring on an additional well is far lower than areas requiring “full-cycle” costs. Full-cycle costs might be as high as $70-80/bbl WTI, but half-cycle costs could be as low as the high $30s-range. Thus, those fringe and emerging areas requiring full-cycle capex could now face a reassessment, while established areas should continue drilling and growing output.”