Yes, since the Bakken and the Eagle Ford are both growing production faster on a per rig comparison, it would be difficult to described them as optimized and the Permian is not.
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But if the CEO of Pioneer is to be believed then we should be seeing much higher production coming out of the permian in the coming years.
I don’t see how that makes the claim Bakken and Eagle Ford are “optimized”. Their production rate per drilling rig continues to climb at a faster rate than the Permian.
I am not saying the Permian is not going to increase. I am confident it will increase per drill rig and in total. I just see the same continuing in the other two as well for now.
“This is an area ripe for some huge increases,” Mueller said. “We’re going to learn fairly quickly…but this is a long-term thing we are working on. Two to three generations from now our grandchildren and their children will solve this problem.