Peak Oil reality or Myth, of an out of Control System Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Peak Oil reality or Myth, of an out of Control System

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: dvdw©	3/31/2014 9:51:34 AM
	of 1580

Bruces Million Dollar way Blog has this today. This is the data through 2012: There are a lot of interesting data points in that chart. Oil was discovered in North Dakota in 1951. They have been drilling Madison wells and Red River/Red River "B" wells for decades. They started drilling Bakken wells in 2006, about eight years ago. The Bakken boom in North Dakota began in 2007. After decades, the average: Madison well has produced 168,000 bbls over decades of production. Red River/Red River "B" well has produced 200,000 bbls over decades of production. After less than a few years of production, the average: Bakken well has produced 100,000 bbls of oil. Two other data points: After 60 years of drilling in North Dakota, 1,265 Red River/ R R "B" wells have been drilled. After 60 years of drilling in North Dakota, a total of 5,547 Madison wells have been drilled. After less than 8 years of drilling, more than 5,400 Bakken wells have been drilled. The number of Bakken wells drilled in 2014 will surpass the number of Bakken wells drilled in any previous year of the boom. Posted by Bruce Oksol - oksol@yahoo.com at 7:00 AM No comments: Links to this post Labels: Production_Formation

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next