pstarr wrote:If those bakken wells were shut of because of price, they could be turned back on.
Exactly. Time will tell what the new price threshold is. You're pulling the $140/bbl figure out of your peak-oil-biased ass.
pstarr wrote:If those bakken wells were shut of because of price, they could be turned back on.
ennui2 wrote:production DID NOT drop in Bakken due to SHUT IN wells. The production drop is 100% DEPLETION of existing wells.
How can he prove that?
The article itself says this:Oil price weakness is the primary reason for the slow-down
The chart is definitely worth right-clicking on. Not only does the Hubbert method model the current decline. But the first-derivative of the daily oil change also tells us that by 2027 there will be no oil pumped from Bakken.
vtsnowedin wrote:To prove him wrong you have to find some producing wells they shut off. Do any of those exist?
pstarr wrote:The same article also includes this gem:
The chart is definitely worth right-clicking on. Not only does the Hubbert method model the current decline. But the first-derivative of the daily oil change also tells us that by 2027 there will be no oil pumped from Bakken.
pstarr wrote:The chart projection seems a tad optimistic to me.
pstarr wrote: It's dismal assumption depends on the world's economy holding together until 2027. I just don't see Bakken producing oil much later than next few years. Christmas 2017 probably at the latest?
So rockdoc, the long tail is not holding up the production, bakken is not in decline and the decline has everything to do with price? A lot to sink one's teeth in. I'll have to ponder that. hmmmm?
PeakOiler wrote:I wonder when the next peak will be, or is this the peak? I guess time will tell...
PeakOiler wrote:Updated graph with data through May:
pstarr wrote:Adamb, how is it again that production is increasing in N. Dakota?
I must have missed something. hum? (as he scratches his head lol)
StarvingLion wrote:Of course there are no profits from these shale "oil" scams. If only the price of oil was $10/barrel higher, they would break even. Yeah sure.
StarvingLion wrote:There is no 'Energy Transition' as the Coyne fool believes...
There is no plan at all.
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