EIA Report – New Niobrara Wells Averaging 500 BOEPD

New-well oil production per rig - EIA - July 2015

New-well oil production per rig – EIA – July 2015

The U.S. Energy Information Administration (EIA) Drilling Productivity Report for key tight oil and shale gas regions for June, 2015 shows new wells drilled in the region will be averaging 500 BOEPD by July 2015.

This figure is up approximately 125 BOEPD from July, 2014.

EIA Projected Rig Count  - July 2015

EIA Projected Rig Count – July 2015

Other statistics in the report show that Niobrara oil production is projected to remain stable at 400 thousand BOEPD.

Rig counts in the region are projected to have dropped from a high of ~150 active rigs in late 2014, to only ~50 in July 2015.

View the full EIA Drilling Productivity Report for all key tight oil and shale gas regions.

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