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This depends on where the well is located.
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∙ 12y ago
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What is the average pay rate for a production assistant?
$150 a day.
How long does it take extracted 10 million barrels of oil?
This is a simple question, and unfortunately, there is no simple answer. The problem is there is no average oil rate from a well. Oil forcasting is done by developing a production profile, or how much oil per year will the field produce. If a field is forecasted to produce 10,000 bbl/day and decline 10% per year, the production profile would be: Year 1: 10,000 bbl/d 3.7 MMBO = first year production Tear 2: 9,000 bbl/d 3.3 MMBO = second year Year 3 8,100 bbl/d 2.9 MMBO = third year So in the above case, 10 million bbls (10 MMBO) were produced in 3 years. This is possible in a high permeable field that contains a large volume of oil initially, perhaps 100 million bbls. Now, suppose our field's initial rate is 1500 bbl/day and declines 10% per year. In 100 years, it will only produce 6 million bbls, but the rates will be very low (less than 1 bbl/day). The field might be shut-in when it is uneconomical to produce, perhaps in 30 - 70 years. So, my answer is to produce 10 million bbls could take anywhere from 1 year to 100 years, or may never be produced from a field, depending on conditions.
How many barrels of crude oil are produced every year?
Worldwide oil production was 85.64 millon barrels per day in the third quarter, 2008 and 85.69 million barrels per day in the second quarter, 2008. I can only give you an approximate estimate for worldwide oil production for the full year 2008 as the fourth quarter production is not yet available. It is likely to be down from the prior quarters. Based on average of 85 million barrels per day, worldwide production would be 30.7 billion barrels for the full year. Looking at data from 2004 to 2007, production has been in the range of 82.9 to 82.86 million barrels of oil per day (30.2 to 31.3 billion bbls/yr) For further information, please see: http://www.eia.doe.gov/oil_gas/petroleum/info_glance/petroleum.html and you can find a spreadsheet with both US and International production on the lower left hand side of this webpage.
How much does an oil rig make in a day?
I'm not sure if you are referring to money or oil production but, it all depends on the amount of wells and actual oil producing capability of every well on the Oil rig (also known as a production platform). It can produce volumes of around <500 BPD (Barrels/Day) and can exceed 15 000 BPD. There are also multiple wells on a single rig. So, if you have for eg. 40 wells producing an average of 5000 BPD between them on a single platform, you are looking at 200 000 BPD which could add up to $20 000 000 per day. You have to keep in mind that these operations are extremely expensive to run and the exploration and drilling operations cost billions even before any oil was produced. The oil production of every single well decreases over time and profits decrease.
How many barrels does a Texas oil well produce?
I have provided an answer based on my assumption that you would like to know how much oil a well produces on a daily basis. It is very hard to generalize. Oil production is measured in barrels per day. A barrel is 42 gallons. Well production is highly variable and depends on many factors. There are many wells in the US producing less than 10 barrels of oil per day and are considered "stripper wells." The high side of oil production from a single wellbore can be as high as 10,000 barrels/day. The production normally declines as reservoir pressure declines. An increase in gas and/or water can result in declining production.
Is Wells Fargo open today Veterans Day 2011?
Wells Fargo is not open today veterans day 2011
What has the author Barry Wells written?
Barry Wells has written: 'The day the earth caught fire'
Does Wells Fargo get presidents day off?
No
Is Canada's oil import bad?
No and Canada is currently leading in Oil production at an average of 1,933 barrels per day.
How much gasoline is produced in the US?
The US Energy Department posts on the Energy Information Agency (EIA) many statistics including millions of barrels per day of gasoline produced. I have include a link which at the bottom, has tables and graphs of the gasoline produced. The "finished gasoline" is the total production, and is currently 8.923 million bbls/day in the latest week. A barrel is equal to 42 gallons. See related links.
What was the Production Budget for The Day After Tomorrow?
The Production Budget for The Day After Tomorrow was $125,000,000.
What was the Production Budget for Knight and Day?
The Production Budget for Knight and Day was $117,000,000.
