Oil Prices hit $50 dollars first time in 2005 and we thought we hit the lottery. What has changed?? SHALE! Oil Prices are still profitable $50 dollar oil the same as 2005 if you are drilling at 2005 prices. Shale Oil has to use expensive fracs making $50 dollar oil unprofitable. Shale oil is falling apart and in time it will cause oil output to drop thus oil prices climb.
Kingdom Exploration (307) 622-1645
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