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US Oil production: How long can stripper wells last at $30/bbl?

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Report summary

Stripper well production has been under the microscope lately with oil prices near $30/bbl. Shut-in volumes could have major implications on the US supply picture. Even as some of these wells are currently operating at a loss, the decision to shut in production is not a simple one. Low prices must persist for months at a time before an operate decides to incur the cost of shutting in production or abandoning a well.

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    US Oil production stripper wells.xls

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Table of contents

  • Executive summary
  • What is a stripper well?
  • Where are marginal wells and who operates them?
  • How much does it cost to operate a marginal well?
  • How much supply is at risk in the US?

Tables and charts

This report includes 5 images and tables including:

Images

  • US Oil production: How long can stripper wells last at $30/bbl?: Image 1
  • Stripper well production by region
  • Top 20 operators of stripper wells
  • Distribution of stripper well production
  • US Lower 48 Short run marginal cost curve

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