Bakken production per well has been in decline for 20 months and is down to 126 barrels per day in February from high of 144 in June 2012, according to a report in Seeking Alpha by Zoltan Ban.
He said Bakken production will continue to increase but “the rate of increase will be significantly slower than the impressive year-on-year increase experienced in 2011-12.”
In 2009-12, the number of total producing wells in Bakken increased in the 50-60% range, Ban said.
“In 2013 however, the year-on-year increase in total wells dropped to just over 30%. This rate will continue to decline and production per well will continue to decline with it,” he said.
There’s also a decline in initial production volume per new well.
“It is forecast by the EIA to drop from 435 b/d in 2013 to 414b/d this year,” Ban said.
“That is a decline of about 5%. As companies continue to exhaust the sweet spots in the field and are forced to tackle increasingly inferior quality reserves, the negative effect on total production per well will intensify.”