Curious where you got that cost from?
A 2023 CNBC article had much higher:
"Instead, the surge is concentrated in the Permian Basin region of Texas and New Mexico, where production costs are among the lowest in the country, said Alexandre Ramos-Peon, head of shale well research at Rystad Energy. Oil from the Permian Basin costs an average of $42 a barrel to produce, he said, with North Dakota in the high $50s to $60. "
I imagine the cost to produce has only gone up a bit in the past 1.5 years with labor costs, but I have no idea.

