I don't believe that that $22.33 is correct Purd. It looks like...

I don't believe that that $22.33 is correct Purd. It looks like it was picked out of the article as part of the Co's spin
It simply refers to the incremental cost of producing the next barrel of oil and neglects all of the associated infrastructure costs, in order to show that companies would not be turning of taps because of the decline in oil prices.

If you read the whole article you will find that their time of life estimate is $70-90 per barrel - the seventy for in-situ.
Of course this figure would refer to experienced operators with good ground. It is not likely that newbies with
unknown ground are going to do better.

If you still believe in the $23 per barrel ask yourself "If oil can be produced that cheaply why isn't the world's
second biggest oil field not riddled with oil wells?"