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The Amazing Bakken
A 22% Increase
In Rig Efficiency/Completion Strategy Year-Over-Year
Shale oil operators have a problem -- WSJ. Maybe outside the Bakken they have a problem, but the Bakken doesn't have a problem.
In the graphic below:
- Bakken efficiency almost 3x that of the Permian (1,600 vs 600).
- Bakken percentage increase, year-over-year double that of the increase in the Eagle Ford, y-o-y.
And looking at the initial production numbers for wells coming off the confidential list this week, the Bakken numbers might even be better than the estimates as shown above.
