September 16, 2024

Anadarko Oil Production

Anadarko production reached almost 400 MBbl/d in 2019 before starting a downward trend as the relative economics of the basin is worse compared to Tight oil basins such as Willison and Permian. Production is expected to drop to just 80 MBbl/d by 2040.

Anadarko Oil Well Locations and Drilling

2020-2023	Average Lateral Length	5,000 ft
2020-2023	Average Total Well Depth	12,700 ft

Location: Oklahoma and Kansas Number of oil wells drilled since 2010: ~ 12,500 Average New Well Initial Productivity in 2023: 380 Bbl/d Peak Production: 2019 (~400 MBbl/d)

Anadarko Number of New Wells

The number of new oil wells in Anadarko dropped significantly to around 300 in 2023 from its peak of over 1,700 in 2014. Since 2019 drilling in Anadarko has focused on condensate and volatile oil. Incorrys is forecasting the number of new wells will continue to decline during the forecast period to 120 in 2040.

Anadarko Crude Oil Well Initial Productivity (IP)

Anadarko Well Estimated Ultimate Recovery (EUR)

New well initial productivity declined to 380 Bbl/d in 2023, down from over 520 Bbl/d in 2019. Incorrys projects new well IP to drop to the 200 Bbl/d by 2040. Anadarko well EUR has dropped from it peak of about 425 MBbl in 2019 to less then 150 MBbl in 2023. EUR is expected to continue to drop 120 MBbl in 2026.