So which operators have the most productive wells in the play, based on the 1-year cumulative production per well?
The #1 rank should be given to EOG Resources, given that the company's ostensibly peer-average productivity was achieved from shorter laterals. If normalized for lateral length, EOG's well results would be in a class of their own.There is a huge amount of information in that article, but I'm not going to place any more of the article here. I've discussed almost every point in this blog in the last six months or so. I can't wait to see the NDIC report in September, 2014, which will post the August, 2014, production data for North Dakota. It could be huge.
For folks worried about decline rates, the Red Queen, Peak Oil, blah, blah, they should take a look at another staggering EOG well reported today. EOG tested the well near the end of November, 2013. By the end of January, 2014, that well had produced 91,000 bbls of oil. Decline rate? LOL.
The April report, due out in a couple of weeks will post the March data which should be okay, coming out of a tough winter. Any upside surprises in the March data will be reason for me to open a new bottle of ... diet Coke. LOL.
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I wasn't going to post this until April 15th, but I couldn't wait. You will probably see it again:
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