Vital Energy, Inc. (NYSE:VTLE) Q1 2024 Earnings Call Transcript insidermonkey.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidermonkey.com Daily Mail and Mail on Sunday newspapers.
The average full-cycle breakeven for U.S. shale basins is approximately $54/bbl, while the average for public E&Ps and private operators is $53/bbl and $58/bbl, respectively, Wells Fargo said, citing Rystad Energy data.
Prices for crude oil and natural gas are expected to decline in 2023 compared to 2022 according to forecasts from the Energy Information Administration, World Bank and other institutions.