• Javier Valadez Jr.

    Great article! Look forward to learn more about the financing on the oil boom. What I would like to know is, with all the wind being knock out of this little bubble, what does an oil company do to keep growing and keep production steady at this new level of oil prices. What do they cut out first, and how do they remanage?

    • Dan Boyce

      Hey Javier, thank you kindly for the feedback and the suggestions. We will definitely keep your thoughts in mind as we move forward with this topic.

      Oh and hey, make sure to follow us on twitter and Facebook and stuff! (@insideenergynow)

    • amberrivera14

      Hi Javier – thanks for reading, and glad you enjoyed it.

      Every company is unique and its management may use different levers, to different degrees, to weather tough times. Some companies have taken on more debt in order to make investments in production. Other companies might focus on making their operations leaner in order to cut costs so that production can at least hold steady (could mean layoffs, negotiating lower rates with contractors, or pushing pause on developments).

      If you’re interested in the inner workings of these publicly-traded companies, you can join their quarterly investor calls. They are required by law to announce when the calls will be. Here’s an example of an upcoming call for WPX Energy: http://www.wpxenergy.com/news-and-media/press-releases/pressrelease.aspx?id=e3d083db-13f7-4b52-b409-49659f2557b0

    • Jordan Wirfs-Brock

      Hi Javier,

      This is Jordan Wirfs-Brock from Inside Energy, one of the authors of this post. I know it’s been a while since you wrote, but a few things that might be of interest:

      Our North Dakota, Emily Guerin, has been following the break even prices for oil, by county, in the Bakken. Here’s a story that looks at how the impact of falling oil prices veries: http://insideenergy.org/2014/10/17/where-do-falling-oil-prices-hurt-most/. And here’s a great explanation of where the break even prices come from in the first place: http://insideenergy.org/2014/10/16/why-80barrel-isnt-the-number-north-dakota-should-care-about/

      Thanks for reading, and let us know if you have any further questions.

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