Jun 12, 2012 · Since few shale wells have gone through a whole life cycle, it leaves plenty of wigging rooms for experts to come up with all sorts of decline models and push for more optimistic results. I have developed my own shale gas decline model. The gas industry uses a formula first developed by Arps. They call it type curve. Nov 09, 2016 · Non-producing shale and oil sands are the marginal sources of supply in 2020, with high drilling/completion costs for the former and high capex/opex for the latter. Rystad Energy liquids cost curve, is made up of nearly 20,000 unique assets and considers each asset’s breakeven oil price and potential production in 2020.
U.S. Field Production of Crude Oil (Thousand Barrels) Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec; 1920: 34,008: 33,193: ... U.S. Crude Oil Supply ... Mar 22, 2017 · I am tired of hearing about the unbelievable impact of technology on collapsing U.S. shale production costs. ... cost curve has massively ... to "shale" represents ~ 10 mmb/d but tight oil only ... That’s exactly because of what I just showed you, that month over month there is a sharp production decline here, as is the case with almost all types of shale, oil and gas. [11:01] So, our approach here is going to be assuming that the year one production is a percentage of that IP rate times 365.