If we also assume demand for oil has not changed (or for the usual situation for most of the 1982-2019 period, that demand for petroleum products has increased), then the expectation is that oil prices would rise. Note that for the period from 2010 to 2014 we had very high oil prices ...
If QEPs average well follows the same pattern as others, that is midway point for EUR is reached after about 30 months of operation, the EUR for the average well will end up at around 400 kb (from actual data and apply some error bars to the figure). WTI (fixed) at $45/b and a...