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Monday, April 15, 2013

The Production Numbers For The Austin Wells In Parshall Field Have Been Updated

Link here.

Note: these are, for the most part, all short laterals. In addition, most are still producing between 3,000 and 5,000 bbls/month.

The only question is when will these wells start hitting the million-bbl mark.

Many of these were drilled early in the Bakken boom, as long as five years ago. I assume the wells were paid for at the wellhead when they hit 100,000 bbls. It is anticipated that the Bakken wells will produce for 39 years. 

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