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Rig decline clouds future growth

04/27/2008

Rig decline clouds future growth


Generally, it takes more and more wells to produce the same amount of gas each year. It's known in the industry as the "decline ratio." So in order to sustain the Rocky Mountain region's 4 percent average annual production increase, the industry must exponentially increase the number of wells it has on the ground today. Industry officials say they're getting too much push-back from conservationists in places including Colorado, the Pinedale Anticline and the Wyoming Range to maintain the same rate of production growth recorded in recent years. Read article in Casper Star Tribune.