Daily Energy Report

Breakeven costs in the Permian, oil and gas markets following Russia turmoil, Russian oil exploration, Guyana and OPEC, renewables growth in 2022, and more

CHART OF THE DAY: Breakeven Costs in Core Areas in Delaware Basin

Summary:

The chart above is based on data published by JPMorgan earlier today.  It shows that the breakeven cost in the core areas (and some non-core areas that are not shown in the chart) is below $50/b.  

EOA’s Main Takeaway: