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.
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.
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What I’m pointing to here is that both the bakken and eagle ford have production rate increase slopes that have been quite steep for the last couple years. Whereas for the last couple years, until recently the production rate increase slope for the permian basin has been quite gradual. Recently that slope has started to steepen. http://www.eia.gov/petroleum/drilling/pdf/dpr-full.pdf