Really?
I thought the major source is plate tectonics. Of course the sustainable rate could be lower than the current take rate, but who really has an accurate handle on it?.
It was the fall of 2009 and about a year after the company had announced its first successful well in neighboring La Salle County, setting off a mineral-leasing frenzy that swept across South Texas like a vast dust devil.
Petrohawk’s McMullen County well had initial production of 1.39 million cubic feet of gas per month.
By October 2010, the Petrohawk well was making 24 million cubic feet of gas per month.
This year, the same well is making around 8.9 million cubic feet of gas, according to the Texas Railroad Commission.
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ah now here is an apples to apples comparison for the “beast” of the niabrara of western colorado drilled by WPX. Here’s what they say about their beast natural gas well:
WPX drilled a well in the Niobrara shale that produces so much natural gas it is being called the ‘beast.’ The well in western Colorado produced an initial high of 16 MMcf/d and averaged an incredible 12 MMcf/d over the first 30 days. In total, the beast generated 1.4 Bcf in the first 180 days. After eight months, it was still generating an amazing 4.4 MMcf/d. The discovery was so massive that the CEO made claims that the potential existed to more than double their current 18 Tcfe of 3P reserves. The company has over 4.6 Tcfe of proved reserves on 1.6 million acres.
http://www.fool.com/investing/general/2013/10/18/the-stock-to-gain-from-the-niobrara-beast.aspx
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It appears the beast has very high production rates —at least by eagle ford standards.
I don’t know what industry standards are