LogIn LogOut

Rates Slowdown in Permian Basin

September 2, 2019

Though the Permian Basin still dominates US land drilling, the pace of growth in this region has slowed significantly.

Older tight oil wells decline by 20% per year without material intervention, according to Rystad Energy.

Contrary to common belief, the Permian Basin systematically offers the lowest oil decline rates, along with the Bakken Shale.

In turn, the Eagle Ford and DJ basins exhibit steeper decline rates throughout the first eight years of production across most vintages.

Rystad Energy has examined all horizontal oil-producing wells in the Bakken, Eagle Ford, Permian and DJ Basins, turned-in-line between 2011 and 2017 with at least 24 months of reported production.

The resulting sample includes 146,158 annualized production data points from 46,188 wells.



Current News

After Sakhalin-2 Russia to Take Sakhalin-1 Project Under Its Control

After Sakhalin-2 Russia to Take Sakhalin-1 Project Under Its Control

Hellenic Cables to Deliver Inter-array Cables for Hai Long 2 & 3 Offshore Wind Farms in Taiwan

Hellenic Cables to Deliver Inter-array Cables for Hai Long 2 & 3 Offshore Wind Farms in Taiwan

'Energy Major' Buys 1,2 GW Floating Wind Farm Project from Hexicon Korea

'Energy Major' Buys 1,2 GW Floating Wind Farm Project from Hexicon Korea

Perdana to Provide AHTS Services to Petronas Carigali

Perdana to Provide AHTS Services to Petronas Carigali

OPEC's Secretary-General Barkindo Dies, Nigerian Oil Official Says

OPEC's Secretary-General Barkindo Dies, Nigerian Oil Official Says

Shell Joins Qatar's LNG Expansion Mega-Project

Shell Joins Qatar's LNG Expansion Mega-Project

Russia's Medvedev Says Oil Could Hit Up to $400 a Barrel if Japanese Proposal Adopted

Russia's Medvedev Says Oil Could Hit Up to $400 a Barrel if Japanese Proposal Adopted
photo

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com