In EOG's most recent presentation, one sees how much the wells have improved:
EOG has 90,000 net acres in what they call their "Core Area" and another 10,000 acres in what they call their "Antelope Extension."
Thursday, May 29, 2014
Improving Bakken Wells -- May 29, 2014
I'm in the process of going through all the 2006 Bakken wells; I'll post the data later, but it is very, very obvious the Bakken wells have really improved over the years. That shouldn't be a surprise, but the degree to which the wells improved is the big story.
In EOG's most recent presentation, one sees how much the wells have improved:
EOG has 90,000 net acres in what they call their "Core Area" and another 10,000 acres in what they call their "Antelope Extension."
In EOG's most recent presentation, one sees how much the wells have improved:
EOG has 90,000 net acres in what they call their "Core Area" and another 10,000 acres in what they call their "Antelope Extension."
With the production rate increasing more and more, what are your thoughts on the decline rates, do you think they will get better too?
ReplyDeleteThat's already happening. For the past year or so, when they've mentioned it in their quarterly earnings conference calls, operators have said the decline rates are improving, and improving significantly. That also shows up in better EURs. Most operators who have commented on EURS have mentioned improving EURs. One exception: CLR has not revised their long-standing estimate of 603,000 bbls but that's a pretty high number considering CLR's number is across the entire Bakken.
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