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Bakken and Eagle Ford Production Declining

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The Energy Information Administration shows oil production from the Niobrara, Eagle Ford and Bakken fields dropping for the first time, by 24,023 bbl/d — much sooner than some predicted. Production from the Permian Basin is still rising. Operators may be delaying completion of wells already drilled, in effect storing their reserves in the ground. (Click image below to enlarge.)

 

EIA production graph

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John McFarland
 Graves, Dougherty, Hearon & Moody, P.C.
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