Energy executives bask in Trump sun but ignore cheap energy pitfall
Oil & Gas 360ยบ
MARCH 13, 2025
And a 2024 industry survey by the Federal Reserve Bank of Dallas showed that drillers require oil prices of between $59 and $70 to drill a new well, depending on the basin. The CEO of U.S. producer OXY Energy Services warned that oil prices below $60 a barrel would likely force small drillers to reduce activity. Benchmark U.S.
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