Although US benchmark crude oil's flirtation with $60 last week has some calling out the resiliency of the US E&P sector, their proclamation may be premature (pi). One reason is that even if 2015 has already recorded the year's lows on oil prices, few, if any, expect a monster increase in coming months — meaning the average oil price for 2015 will be significantly lower than seen in recent years. This matters since producers will face testing the economic viability of their reserves and asset bases against a lower oil price threshold, with write-offs potentially giving way to shrinking credit lines in months to come.
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