Cost of shale projects drops significantly from 2013

The World Bank released their big commodity markets outlook late last week, which shows how the average per-barrel cost for U.S. shale projects to be economic has come down a lot.

Data: World Bank, Commodity Markets Outlook, October 2017, Rystad Energy NASWellCube Premium; Note: Breakeven price is based on wellhead costs and does not include test activity; Chart: Andrew Witherspoon / Axios