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by Jim Colburn Leave a Comment
Lower oil prices and rising costs are squeezing West Texas drillers reports the Houston Chronicle:
“The average oil well in the prolific region now breaks even at about $43 a barrel – the price at which U.S. oil settled on Friday – up from about $39 a barrel at earlier this year, according to energy research firm Wood Mackenzie.”
Here is the link: http://www.chron.com/business/energy/article/Lower-oil-prices-and-rising-costs-squeeze-West-11245048.php
Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.
Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.
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