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Message: <blockquote data-quote="eyexer" data-source="post: 202445" data-attributes="member: 315"><p>they don't really talk in those terms anymore because the costs have changed so dramatically.  And production is all over the place.  With the company I work for our lease operating costs in the bakken (once well is actually producing)are roughly $8 a barrel.  Most wells are paid for in 6 -8 months.  The cost to operate that well after that point is what really matters.  That's the long term outlay.  Our lease operating costs on a company wide average around around $9.80.  So the bakken is cheaper than our other fields.  At $55 oil it would take 90-180 days to pay for that well based on what our average wells initial productions have been.</p></blockquote><p></p>

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