Friday, February 8, 2013

The Real Bakken Shale Oil Well Declines

I am about done with analyzing the real production data from Bakken shale oil wells. I am posting the charts I obtained:



The above are well decline history of all Bakken shale wells that has been producing continuously.

The following shows the decline characteristics of Bakken wells started at different times:

 

 

 

 

 

 

 

 

 

 

 

 

In summary, the existing Bakken shale wells are collectively declining -0.2% per day. That's losing slightly more than HALF of production rate in one year.
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