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Title : Update On Vaca Muerta -- December 4, 2018
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Update On Vaca Muerta -- December 4, 2018

Another reason why I love to blog. Because of the blog, I know a little bit about the Vaca Muerta; it's tracked here through a link at the sidebar at the right. The Bakken, at 1.3 million bopd, also puts the production goal in the graphic below in perspective:

North Dakota wells, including legacy wells going back decades, currently average just under 100 bbls/well/day. This includes a lot of old legacy wells which produce very, very little.

But let's use the 100 bbs/well/day as a starting point.

60,000 bopd / 100bbls = 600 wells.

$2.3 billion / 600 wells = $4 million / well.

If these are all new wells with production that average much better than 100 bbs / well, then significantly less well.

But 60,000 bopd. Literally a drop in the bucket compared to global production / demand of 100 million bopd.

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