Thursday, February 23, 2012

Random Comment on IPs -- From DNR -- The Williston Basin, North Dakota, USA

From the DNR transcript:
I think one important point to note in this detail is that many of our wells completed during the fourth quarter had 60- and 90-day production averages that were greater or better than the initial 30-day averages. Now this indicates that our wells have good sustaining production rates and also illustrates that sometimes we are not able to produce a well with the maximum initial flow rates often due to stock tank shortage or transportation capacity constraints. This also demonstrates the drawback of putting undue emphasis on the initial published short-term production rates.
The Bakken companies are starting to crack the code on the hyperbolic decline rate. 

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