Production from new wells makes up nearly half of all production, up from 22% in 2007
Production from new wells, or those drilled since the start of 2014, made up 48% of total U.S. crude oil production in 2015. New well production as a percentage of total U.S. production has more than doubled from 22% in 2007 with the increased use of hydraulically fractured horizontal wells, according to the EIA. These wells have extremely high initial production rates with steep decline curves, leading to the rapid increase in the percentage of total product...


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