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Technology, higher oil prices make Bakken drilling more lucrative

Tech advancements and strong crude prices have helped bring down break-even costs on top-quartile wells in North Dakota's Bakken Shale to a range of $41 to $50 per barrel, according to a Bloomberg New Energy Finance report. BNEF analyst Jacob Fericy expects all average Bakken wells to be profitable as long as US crude prices stay above $63 per barrel, although persistent infrastructure constraints could hinder production growth.

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