Month - daily average - number of wells - avg bbls/well/mo -- avg bbls/day/well
Feb - 558,585 - 6,447 -- 2,513 -- 87Some of these numbers vary from previously reported numbers.
Mar - 577,478 - 6,641 -- 2,696 -- 87
Apr - 609,373 - 6,734 -- 2,715 -- 90
Delta, February --> March: 18,893 (3.3% increase)Thank goodness those feared April showers did not materialize to slow down production.
Delta, March --> April: 31,895 (5.5% increase)
The last time North Dakota wells averaged more than 90 bbls/well/day was back in April, 1953, when there were 152 active wells in the state. There have been only 21 months in which production exceeded 90 bbls/well/day, and all before April, 1953, inclusive.
Production/well/day
- Through the '80s, the average daily production per well was around 40 bbls/day.
- Through the '90s, the average daily production per well was around 30 bbls/day.
- In 2009, the average daily production per well jumped to the mid-50s.
- In 2010, the avg daily production/well was in the mid-60s, hitting 70 bbls/day in November.
- In June, 2011, the average hit 70 again, at 73 bbls/well/day.
- In September, 2011: 80 bbls/well/day.
- And as noted above, April, 2012, 90 bbls/well/day.
Is it me or does 90/day seem low considering many of the production results over the past year.
ReplyDeleteNot at all. There are a lot of wells that are listed as active wells and have produced no oil in the past one or two years; repeat: no production whatsoever.
DeleteIn addition, there are a lot of old legacy wells that have produced for 20 - 30 years and are down to stripper well status. These all pull the average down.
It's all relative. One needs to scroll through the source document to really see the how incredible 90 bbls/well/day is -- even the short list above is a start: note -- in the 1990s' the average was 30 bbls/well/day.
Think about 90 bbls/day/well. From my perspective that's huge. I can find a fair number of fairly recent Bakken wells (two to three years old) that are down to 3000 bbls/month -- that's 100 bbls/day and these are considered good Bakken wells.