Initial Production

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Dictionary Says

Definition of 'Initial Production '

The measurement of an oil well's production at the outset. Initial production will be fairly small, but the well will eventually increase to its peak capacity; however, over time oil production will decline. Eventually the well will fail or output will be so low as to make the enterprise unprofitable. Initial production is measured in B/D (barrels of oil per day) or BOE/D (barrels of oil equivalent per day).
Investopedia Says

Investopedia explains 'Initial Production '

The first known oil well was hand-dug in China around the year 350. The first modern oil well was drilled in Asia (in modern-day Azerbaijan) by the Russian engineer F.N. Semyenov. Oil was discovered in the U.S. in 1850 in California and the first North American oil well was drilled in Ontario, Canada in 1858. The first American oil well was drilled a year later. Oil wells in Europe were developed in Poland in 1854. The world's largest oil field is in Saudi Arabia and covers more than 3,300 square miles. 
Search results for

'Initial Production '

  • Beware Of Initial Production Rates

    http://stocks.investopedia.com/stock-analysis/2010/Beware-Of-Initial-Production-Rates-HK-STR-GMXR-COG0301.aspx
    The initial production rates touted by companies may not mean much because
    of a lack of standards. ... Beware Of Initial Production Rates. ...

  • Iraqi Oil Production Update

    http://stocks.investopedia.com/stock-analysis/2011/Iraqi-Oil-Production-Update-E-OXY-RDS.A-RDS.B-BP0920.aspx
    ... The baseline initial production rate of the field was set at approximately 183,000
    barrels of oil per day, implying a one million barrel per day increase over ...

  • Range Resources Increases Production

    http://stocks.investopedia.com/stock-analysis/2010/Range-Resources-Increases-Oil-And-Liquids-Production-RRC1102.aspx
    ... In the Woodford Shale, the company reported two wells with initial production of
    1,514 and 1,176 BOE per day. Production from these wells was 70% liquids. ...

  • North Dakota Production Surprises

    http://stocks.investopedia.com/stock-analysis/2010/North-Dakota-Production-Surprises-EOG-CLR-BEXP-XOM-XTO0209.aspx
    ... The company will drill 40 wells in the core area where initial production
    on wells range from 770 to 1,150 barrels per day. In the ...

  • Bossier Shale: The Natural Gas Source The Market Doesn't Need

    http://stocks.investopedia.com/stock-analysis/2010/Bossier-Shale-The-Natural-Gas-Source-The-Market-Doesnt-Need-HK-EOG-DVN-GDP-XCO-CXPO0823.aspx
    ... 2010. The well was in San Augustine County, Texas, and had an initial
    production rate of eight million cubic feet per day. Devon ...

  • Bossier Shale Development Moves Forward

    http://stocks.investopedia.com/stock-analysis/2010/Bossier-Shale-Development-Moves-Forward-CHK-HK-CRK-XCO-DVN0607.aspx
    ... The well was in DeSoto Parish, Louisiana, and had an initial production
    rate of 11 million cubic feet per day of natural gas. The ...

  • Shale Acreage Can Be Misleading

    http://stocks.investopedia.com/stock-analysis/2009/Shale-Acreage-Can-Be-Misleading-CRZO-DVN-BEXP-WLL1027.aspx
    ... The Newest Contender Brigham Exploration (Nasdaq:BEXP) is involved in the Bakken
    Shale and some of its wells have had very high initial production rates. ...

  • Niobrara Shale Development Advances In Q2

    http://stocks.investopedia.com/stock-analysis/2010/Niobrara-Shale-Development-Advances-In-Q2-SM-EOG-NBL-CHK-WLL-APC0817.aspx
    ... The company reported 24-hour initial production rates on the wells ranging
    between 580 and 845 barrels of oil equivalent (BOE) per day. ...

  • 4 Energy Companies Increasing EUR's

    http://stocks.investopedia.com/stock-analysis/2011/4-Energy-Companies-Increasing-EURs-REXX-CLR-RRC-ROSE0810.aspx
    ... level of 4 Bcfe. This increase was based on higher initial production rates
    on wells drilled from the Talarico pad. Rex Energy is ...

  • Granite Wash Attracts More Capital

    http://stocks.investopedia.com/stock-analysis/2010/Granite-Wash-Attracts-More-Capital-FST-SM-CHK-UNT0512.aspx
    ... a second well. The company has released no initial production rates yet
    on the Wester 2-34H. High Initial Production Chesapeake ...

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