Latest Breaking News

Old Crank

(6,679 posts)

12. Break even for new wells in Texas $62

Mon Jan 12, 2026, 07:49 AM

16 hrs ago

Is above the current price of oil. He can't increase supply without lowering prices which will hurt US oil companies.

There was a lease bidding for CO land the day before with no takers.

Venezuelan crude will take over $80 to produce. Plus 20 billion in infrastructure maintenance.

Drill baby drill is dead.

Edit history

Please sign in to view edit histories.

Recommendations

9 members have recommended this reply (displayed in chronological order):

broiles Paladin oasis Ray Bruns NJCher underpants susanr516 Pluvious IronLionZion

44 replies

= new reply since forum marked as read

Highlight:

Trump 'inclined' to keep Exxon out of Venezuela after CEO calls it 'uninvestable' [View all] BumRushDaShow 18 hrs ago OP

Until he goes after Exxon's short term profits, they won't care Raven123 18 hrs ago #1

Exxon Mobil's making a sensible call Vogon_Glory 18 hrs ago #2

In my opinion, they see trump lining up with the regime responsible for destroying Venezuela. Escurumbele 15 hrs ago #17

Yeah, right. He'll take investments wherever he can get them. Even Exxon. MLWR 17 hrs ago #3

"Watch what happens when you don't kiss my ass." KS Toronado 17 hrs ago #4

Exxon has more money than Trump lonely bird 16 hrs ago #5

Let me guess which presidential candidate the Exxon CEO Dr. T 16 hrs ago #6

Remember this? BumRushDaShow 16 hrs ago #10

They don't want it. So he's threatening to block them from something they don't want IronLionZion 16 hrs ago #7

That's what I was thinking. "You want to invest in this company!" Ray Bruns 16 hrs ago #8

But then there will be the "rest of the story..." BumRushDaShow 15 hrs ago #15

Ahhhh! Some good old fashioned extortion. Ray Bruns 14 hrs ago #25

"Transactional" as is often mentioned BumRushDaShow 14 hrs ago #27

"Oh please don't throw us into that briar patch!" 🤭 tanyev 16 hrs ago #13

This message was self-deleted by its author Old Crank 16 hrs ago #9

I never thought in a million years... LisaM 16 hrs ago #11

Break even for new wells in Texas $62 Old Crank 16 hrs ago #12

You can lead an oil company to oil but you can't make them drill. twodogsbarking 15 hrs ago #14

Trump is a lame-duck president. All his policies could be reversed with a Democratic president elected in 2028. Lonestarblue 15 hrs ago #16

The other oil companies probably feel likewise. JohnnyRingo 15 hrs ago #18

"But they're playing it out just in case sane people intercede and make it a moot issue." BumRushDaShow 15 hrs ago #19

Sir, redirect your thoughts to the disaster that is this country! Hope22 15 hrs ago #20

I remember reading once a while back that the oil companies had agreed that the per barrel price... littlemissmartypants 15 hrs ago #21

The Dallas Federal Reserve does an annual survey to the oil producers asking about what their "breakeven" price is BumRushDaShow 14 hrs ago #28

So... littlemissmartypants 12 hrs ago #32

The next report won't happen until this March BumRushDaShow 10 hrs ago #35

It will be interesting to see that March report. ❤️ littlemissmartypants 7 hrs ago #40

Venezuelan oil needs a very certain type of refinery and Exxon doesn't have those refineries.... Botany 15 hrs ago #22

Orange Julius buddy does though, 3 of em Strelnikov_ 8 hrs ago #38

You mean the refineries on the Gulf Coast that are already set up for Venezuelan oil? Botany 7 hrs ago #41

Per Paul Krugman a week or so ago Strelnikov_ 5 hrs ago #42

The Republican/Rich shits along with various corps, thugs, crypto scammers, and ? have taken corruption to ... Botany 4 hrs ago #43

Much bigger than Teapot Dome Strelnikov_ 4 hrs ago #44

He is trying to get them to pay him some way JI7 15 hrs ago #23

Is this the nwduke 14 hrs ago #24

Exactly! oasis 14 hrs ago #26

I need a tee shirt that reads ..... 70sEraVet 13 hrs ago #29

Great protest sign, 70sEraVet. There are shops on Etsy that can do that shirt for you. ❤️ littlemissmartypants 12 hrs ago #33

I'm near Houston and this is what I'm hearing - TBF 12 hrs ago #30

The numbers I just looked at, that BRDS shared, support that notion. littlemissmartypants 12 hrs ago #34

Oil is already barely at break even prices NickB79 8 hrs ago #39

trump's feelings were hurt LetMyPeopleVote 12 hrs ago #31

Rex Tillerson looked at trump in the first term tonekat 9 hrs ago #36

I couldn't remember his name BumRushDaShow 8 hrs ago #37