The climate of Salt Lake City varies widely. Lying in the Salt Lake Valley, the city is surrounded by mountains and the Great Salt Lake. The city has four distinct seasons: a cold, snowy winter; a hot, dry summer; and two relatively wet transition periods.
The price of oil rigs for land drilling in the United States typically starts at around $18 million to $20 million and goes up to around $25 million, but it can be nearly twice that amount depending on the specific rig purchased. The least-expensive rigs are those classified as U.S. small footprint land rigs.
The survey also found that 43 percent see a break-even price for the U.S. shale industry of $45 to $55 per barrel, well below where many expect prices in the next couple of months. Another 24 percent estimated the level where drillers make money is even higher-at $55 to $65 per barrel.But 20 percent see break-even prices at $45 or less and half of those see them below $35 per barrel.Read More Here's what could break the back of oil. A majority, 62 percent, see West Texas Intermediate crude trading in the $30-$40 per barrel range in September and October.nother 24 percent estimated the level where drillers make money is even higher-at $55 to $65 per barrel. But 20 percent see break-even prices at $45 or less and half of those see them below $35 per barrel. Read More Here's what could break the back of oil.