ART BERMAN: THE BEGINNING OF THE END FOR THE BAKKEN SHALE PLAY

artberman.com⁄the-beginning-of-the-end-for-the-bakken-shale-play

“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.”

http://www.artberman.com/the-beginning-of-the-end-for-the-bakken-shale-play

“The early demise of the Bakken should serve as a warning about the future of other tight oil plays.”

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