US shale companies often use a narrowly defined metric that only includes the cost of drilling and production, leaving out all other costs (this runs anywhere from $40-$60 depending on the well and location) However from a free cash flow perspective see below chart pic.twitter.com/O7bfBgMBaD
— 𝕮𝖍𝖎 🛢️ (@chigrl) November 6, 2019