[thackney]

Each of those starts producing oil at about 1200 barrels per day.

That sounds like a lot higher than the typical well. Or if they start anywhere near that point, they fall down fast. The average for the first 60~90 days is 234 barrels per day according to the North Dakota Industrial Commission, Department of Mineral Resources, Oil and Gas Division.

First 60 - 90 Day Average Bakken Pool Production by Well
https://www.dmr.nd.gov/ndgs/Publication_List/pdf/geoinv/GI-123.pdf

There is talk of 30% decline rates/year.

There is more than just talk. The initial data is even worse.

Source for Graph:
North Dakota Department of Mineral Resources
https://www.dmr.nd.gov/oilgas/presentations/WBPC2011Activity.pdf

[thackney]

BTW,

I do realize the first and second data sets do not match with each other. Both are from ND government. ???

[Owen]

Nod.

There’s oil there and jobs, but this is the most overhyped crap in the history of an industry built on overhyped crap.

That place is going to go into freefall production-wise and the day it is clear “tight oil” is not going to be anyone’s salvation, Brent will go to $200.