September 15, 2024

The average estimated ultimate recovery (EUR) for new wells drilled in 2023 (MBbl) for major US Lower 48 oil basins.

• The EUR is an estimate of the total amount of oil expected to be recovered from a well or field by the end of its producing life.

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• The Permian Delaware formation had the highest EUR of all US oil basins at over 900 MBbl in 2023.
• It is followed by the Williston basin at 675 MBbl and Eagle Ford at 600 MBbl.
• The remainder of the basins drop from just under 600 MBbl (Permian Midland) to a low of just 30 MBbl (California).

See Also:

Initial Productivity (IP) of Major US Oil Basins 2023
Well Depth of Major US Oil Basins 2020-2023