"In an interview Kevin Gallagher said that for every $10 over the break even cost it adds $250,000,000 to $300,000,000 to free cash flow"...
Correct. I can confirm those were his words or near enough.
He did add,
..."per annum for the next two years" which I is prudent because the future has not been written yet and tomorrow is a blank canvas.
$50-60 New Normal or U.S Shale Bubble?, page-768
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