Tell Me Again About The Dreaded Decline Rate In The Bakken -- November 19, 2023

Locator: 46106B.

The well:

• 18384, 394, MRO, Glenn Eckelberg 24-8H, Bailey, t5/10; cum 575K 12/22; cum 637K 9/23;

This well is tracked elsewhere. Whatever. But notice, the well drilled back during the boom, in 2010. Now, some thirteen years later, it went from 575,000 bbls at the end of December, 2022, to 637,000 bbls at the end of September, 2023, just nine months later:

• 62,000 bbls in nine months
• almost 11% of this well's entire production to date was produced in just nine months, more than a decade after it was first drilled
• 62,000 bbls over nine months extrapolates to 83,000 bbls over 12 months.