US Gulf Of Mexico More Resilient To Oil Price Crash This Time

The U.S. Gulf of Mexico is better prepared now to ride out the oil crisis than it was in the 2015-2016 downturn, as 82 percent of oil production has a short-run marginal cost – operating costs, taxes, and royalties – of US$10 a barrel Brent, Wood Mackenzie said on Thursday.   The Gulf of Mexico is now nimbler and leaner and more resilient to the recent oil price crash and current downturn, the consultancy said in new research. Despite the lower costs and leaner operations compared to the previous crisis, the Gulf of Mexico will…