Exact(4)
Bourland noted Jadwa's analyses departed from DeutscheBank's forecast of an average barrel of $105 for 2008.
The annual report also raises concerns the cost of extracting the average barrel of oil is rising rapidly.
- The cost of producing the average barrel of oil in UK waters rose by 62% between 2011 and last year.
Put those factors together, and the cost of finding the average barrel of oil has risen from £4 in 2009-11 to £22 since then.
Similar(56)
About 51percentt of the average barrel ends up being used for gasoline, while 12percentt ends up being used for jet fuel.
These represent the majority of the current coal-to-liquids and biomass-to-liquids technologies, and they produce, on average, two barrels of product for every ton of introduced material.
Competition from Canada and an oversupply in general has driven down the average price per barrel of berries grown in this country to a low of $17 in 2000 from a high of $66 in 1996, according to agricultural surveys.
Operating costs at Denbury's conventional oil fields average $32 per barrel of recovered oil.
BP realized an average price per barrel of $70.47 for the quarter, and of $3.92 per mcf for natural gas.
In the third quarter, when oil prices were in the high forties and low fifties, Anadarko Petroleum received an average price per barrel of oil of only $34.42.
Company officials reported that the Wattenberg Field, alone, continues to be a top performer, averaging 113,000 barrels of oil equivalent per day in sales volumes -- that's oil, natural gas and natural gas liquids.
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