I can't find it in my notes but IIRC, it was T.Boone who said the price of gas had to be 4.50 for producers to break even, 5.50 for them to make a decent profit. I realize the cost varies depending on many factors like you said, so I guess that's average.
Either Geo or Popo mentioned a while back that it could take some time to line up a heavy crane and I just read a report where Haliburton says there's a large number of wells drilled and sitting idle because of a shortage of fracking crews. I think they were talking about waiting on fracking in West Texas, but I assume the same crews work all over. That could be another delay for BP#1. I hope they will be scheduling some of this in advance where possible.
Do you know what needs to be done before the fracking? Don't they have everything else completed? Just the fracking, wellhead placement and pipeline tie-ins left to do, huh?
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