Motley Fool .... some shale gas wells in the U.S. could remain commercially viable until 2030.For Bakken oil wells, EURs and rate of return is more important than how long a given well lasts, but the general consensus is that Bakken wells will produce for 39 years. The "Basic Analysis of the Bakken" accomplished some years ago suggested that wells will be drilled into the Bakken through 2030 and will produce through 2100.
This is a good prospective and can be applied to the Bakken as well because it empathizes advancements that will occur to the formation and the basin as a whole as it is developed over the years. As long as the incentives are there to extract the oil and gas there will be experimentation in new technologies to recover more of the resource. This angle isn't presented often enough by the general media. It is all about a very limited finite resource that should be left in the ground and we should be moved, forced or whatever to a new energy regime no matter weather it makes sense or not.
ReplyDeleteEURs will be significantly different in the years to come. Like everything else a dynamic is at work and it is always in a state of change. Too bad that isn't mentioned more often.
... and already EURs have increased over the past few years in the Bakken.
DeleteI am waiting for the Bakken reference in the ongoing filibuster. Yes, there was a reference to ND 5 minutes ago. But, no Bakken yet. Surely it will come.
ReplyDeleteI recommend watching this rare event, live on CSPAN.
http://www.c-span.org/Live-Video/C-SPAN2/
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