For The Archives -- The Beginning Of The End For The Bakken -- Art Berman -- August 11, 2017 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title For The Archives -- The Beginning Of The End For The Bakken -- Art Berman -- August 11, 2017, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : For The Archives -- The Beginning Of The End For The Bakken -- Art Berman -- August 11, 2017
link : For The Archives -- The Beginning Of The End For The Bakken -- Art Berman -- August 11, 2017

For The Archives -- The Beginning Of The End For The Bakken -- Art Berman -- August 11, 2017

For the archives.

I recall seeing this article when it was first posted some time ago, but elected not to post it. A reader recently referenced it so I thought it best to post the link for archival purposes.

This is Art Berman suggesting that data in December, 2016, suggested that we were seeing the "beginning of the end" for the Bakken. The article begins:

It’s the beginning of the end for the Bakken Shale play.

The decline in Bakken oil production that started in January 2015 is probably not reversible. New well performance has deteriorated, gas-oil ratios have increased and water cuts are rising. Much of the reservoir energy from gas expansion is depleted and decline rates should accelerate. More drilling may increase daily output for awhile but won’t resolve the underlying problem of poorer well performance and declining per-well reserves.

December 2016 production fell 92,000 barrels per day (b/d)–a whopping 9% single-month drop (Figure 1). Over the past two years, output has fallen 285,000 b/d (23%). This was despite an increase in the number of producing wells that reached an all-time high of 13,520 in November. That number fell by 183 wells in December.

Perhaps he mentioned it, but if so, I missed it:

• an emphasis that this was December data (winters can be tough in North Dakota); and,
• the Saudi surge had resulted in huge drop in price of WTI

I think the article or variations of the article have appeared elsewhere.

Art Berman is a proponent of peak oil. 

The NDIC Director's Cut is scheduled to come out today. It will be interesting to see where the Bakken is today. 

http://ift.tt/2dZyQXu

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