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