220 comments on DrumBeat: December 8, 2006
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220 comments on DrumBeat: December 8, 2006
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A little bit of a clarification. The East Texas Field was fully developed in 1972--actually way over drilled--but it did show a final (lower secondary) peak at the same time that overall Texas production peaked. East Texas is to Texas as Ghawar is to Saudi Arabia.
The Texas RRC went to a 100% allowable (with a couple of exceptions, one of them being the East Texas Field) in 1972, which allowed Texas operators to produce at 100% of the maximum efficient recovery rate.
From 1970 to 1980, oil prices went up by about 1,000%. Overall Texas drilling surged, increasing the number of producing wells by 14% from 1972 to 1982, while production dropped by about 30% over the same time period.
My understanding is that the porosity and permiability of Ghawar is relatively unique; but there must be other fieds with similar geologic structures which may have a documented production history that might be used to confirm inferences with regard to Ghawar.
I think that Ghawer is at about the same stage of depletion, as a percentage of Original Oil In Place, at which Yibal started crashing.