So this suggests that the “fraclog” was in fact real?
I agree with the decline curve assessment but the first year decline is precipitous and you do not disagree with the 70ish percent decline of the IP within the first year? My point here is that the share of production represented by new wells and the decline of those new wells should have had significant effect on domestic production.
“So earlier wells have shallow declines while newer wells are falling fast.” Exactly and I’ll buy into most of this since I have thought that, like the Penn wells producing from Fayetville leakage, the latter decline reaches equilibrium of some sort and the decline is arrested albiet at a very low production rate.
The article you cite was from April. I suspect that the “fraclog” is about over by now.
Have a great week.
“The article you cite was from April. I suspect that the “fraclog†is about over by now.”
actually, I believe the inventory of drilled and uncompleted wells has grown significantly.
I see this one from October http://www.worldoil.com/news/2015/10/19/frac-truck-boneyards-dw-monday