Fig 1: Bakken growth, see Fig. 3 for historical |

Fig 2: Average decline rate |

**a**greater than zero, then that term will easily dominate over the declining term. Divide P(t) by N(t) and you can see that we have reached the plateau of production proportional to 1/(a+d), which you can see in the figure above. That is full bore acceleration in the number of wells coming on-line. If the growth slows to zero, then the decline kicks in and the cumulative total will start to saturate. So don't be fooled by exponential growth in well production, since as soon as the construction rate starts to slow, all of those Bakken wells will start to decline and the underlying dynamics will begin to reveal itself. That is the math story behind Gold Rush dynamics and the boom-bust cycle. Everyone gets excited because they can't see the underlying behavior.

There has been continuous extraction on the Bakken going back 50+ years to 1953. But only with the recent boom, with hydraulic fracturing techniques, are we seeing the explosion in number of wells. The prior wells were all in serious decline I believe.

This is my plea: What we need from the Dept. of Mineral Resources of NoDak.gov is a complete set of data from every well, not the rolled up info. Even with the rolled up info, you can do some decent analysis, but why not get everything?

Fig 3 : Historical Bakken growth, first well to the left was in 1953. |

For an exponential and hyperbolic decline analysis on this per county data set and note they are fairly similar in decline.

- McKenzie has a half-life of 0.75 years
- Williams is 1.2 years
- Mountrail is 2.3 years
- Dunn is 18.5 years

Summary of Bakken Info Since 1/1/2007 |
||||||

Incremental | ||||||

BOPD | Wells | Recovery | Rec/Well | Well Age | Curr Ave | |

months | BOPD | |||||

Mountrail | 154,089 | 1,087 | 154,727,270 | 142,343 | 22 | 141.8 |

McKenzie | 96,750 | 533 | 45,059,945 | 84,540 | 9 | 181.5 |

Dunn | 75,560 | 613 | 52,446,391 | 85,557 | 22 | 123.3 |

Williams | 69,513 | 472 | 30,550,213 | 64,725 | 10 | 147.3 |

Major Cos | 395,911 | 2,705 | 282,783,819 | |||

Total | 483,706 | 3,187.00 | 327,866,294 | 102,876.15 | 17.00 | 141.50 |

Here is a link to an Wolfram Alpha solver for exponential decline, the numbers are taken from the table above for Williams county. (The number 30 is the average days in a month, as the calculation assumes a daily production rate)

Fig. 4 : Wolfram Alpha algorithm for predicting decline rate from Rec/Well=64725, WellAge=10,CurrAveBOPD=147.3 |

For hyperbolic decline, example using McKenzie, rates are in per day.

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