A Fine Line between Numerator and Denominator

Many things change during an industry downturn, but one goal always remains: a need to reduce cost per produced barrel of oil equivalent, or in short: lowering $/BOE. As Yogi Berra so thoughtfully pointed out, lowering $/BOE can be achieved in two ways: by reducing cost while maintaining production, or by boosting production while controlling cost. This paper describes a scoping methodology to lower $/BOE in various areas of the DJ Basin.

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