Faster Declines Prevent Production Boom

Steepening declines negate initial production rate improvements.

• Many U.S. wells are drilled in high decline plays

• Short term benefit to consumers and producers creates impetus for continuation of trends

  • Deliver gas to markets quickly, respond to consumer needs
  • Recoup investment more quickly for producers

• Initial production improving with better completions

• Preliminary data shows wells drilled in 2001 could decline as much as 52% over the first 12 months

Previous slide

Next slide

Back to first slide

View graphic version