Pioneer's Permian Oil Costs Compete With Saudi Arabia---Is That A Lie? |
| August 01, 2016 | August 2016 Bond Updates |
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Pioneer claims that it's Permian oil costs can compete with Saudi Arabia. Is that a lie? Second quarter costs were actually $18 per BOE leaving only a $10 per barrel margin to drill and complete wells. The Saudis must be scared to death about that! |
| View more at: http://www.forbes.com/sites/arthurberman/2016/07/31/pioneers-permian-oil-costs-compete-with-saudi-arabia-is-that-a-lie/ |
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