2 Of America’s Important Shale Basins Are Now In The Red – Business Insider / Walter Kurtz

Although OPEC’s decision to maintain current crude production quotas was not entirely unexpected see post, the market reaction was violent. WTI crude fell by 10% over the last two days of the week.At $66 per barrel North American producers have real problems on their hands. While Eagle Ford is still profitable, both Bakken and Permian Basin are in now the red.

via Bakken And Permian Shale Basin In Red – Business Insider.

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