25 Sep '12, 10am

Is Shale Oil Production from Bakken Headed for a Run with “The Red Queen”?

Is Shale Oil Production from Bakken Headed for a Run with “The Red Queen”?

In this post I present the results from an in depth time series analysis from wells producing crude oil (and small volumes of natural gas) from the Bakken (Bakken, Sanish, Three Forks and Bakken/Three Forks Pools) formation in North Dakota. The analysis uses actual production data from the North Dakota Industrial Commission as of July 2012 from what was found to be a representative selection of wells from operating companies and areas. The reference in the title to The Red Queen from “Alice in Wonderland” by the English author Charles Lutwidge Dodgson (perhaps better known from his pseudonym Lewis Carrol) who was an author, mathematician and logician, is deliberate to create associations with The Red Queen’s statement;"It takes all the running you can do, to keep in the same place" . After presenting, discussing and concluding the results from the study presented in this p...

Full article: http://www.theoildrum.com/node/9506

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