Across all U.S. oil-producing regions, average breakeven prices to profitably drill a new well range from $46 to $58 per barrel, with breakeven prices in the Permian averaging $50 a barrel, the latest Dallas Fed energy survey for Q1 showed last week. “There’s nothing that doesn’t work at $65 a barrel,” Ian Nieboer, a managing director at Enverus, told the Financial Times last month, noting that the newly-found discipline could fade away.
