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Analysts Project Breakeven Levels For Basins

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By Susan Klann, Hart Energy
February 12, 2014

The oil and gas industry had barely finished congratulating itself on surging U.S. crude oil production, when worries surfaced about the effect on commodity prices. In a recent Baird Energy report, analysts said the CEO of Plains All American Pipeline LP (NYSE: PAA), Greg Armstrong, “waved the red flag regarding oil prices” in the company’s recent quarterly conference calls.

“Few, if any, energy sector participants have a better picture of the North American crude oil market than PAA management,” they said, adding that a correction in U.S. crude oil prices ...

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