There is considerable discussion on this site regarding when the North Dakota portion of the Bakken will peak. Having looked at the monthly Bakken data that the State publishes, it raised the question of whether it was possible to do a reverse analysis of the data and then use it to develop a model that would replicate the ND Bakken production, exactly. The objective being to provide further insight on what is happening in the ND Bakken. In order to do this, the following conditions and information were required: A monotonically increasing number of new producing wells A typical/average decline curve for the ND Bakken field Not too many wells being shut/reworked each month The last bullet is a preferred condition because if a number of low producing wells are shut and replaced by newer high producing wells, then the […]