There is a backlog of wells awaiting fraccing in ND, about 700 wells. When they go online, production will likely peak unless prices go up. The drilling rig count is down to 118 from over 200, and below the decline curve replacement level.
For a well already drilled but not yet finished...any idea how much more it costs to finish it...in percentage terms?
Are fracced oil well decline curves similar to those of fracced gas wells?
yep it is going to take a while for all this to play out.
Rig count to 500?