This image shows how economics have since changed. As prices collapsed starting late 2014, operators were forced to respond. They had to focus on drilling good acreage and bringing down well costs, and the map above shows the results of those changes. Using wells from 2015 and 2016 shows a stark difference in the amount of acreage that will breakeven below $50/bbl. While these improvements are a good sign for producers in the basin, its important to keep in mind that the economics of these wells cannot continue to improve at rates like this. Margins for service companies are cyclical in nature, meaning that service costs are back on the rise. Operators may continue to see gains in efficiencies, but some of that will be offset by a rise in overall drilling and completions costs.