Since shale drilling first began in 1998 at the S.H. Griffin Estate 4 in Texas, the size and costs of production sites have changed significantly. The S.H. Griffin Estate 4 cost between 600,000 and 700,000 U.S. dollars, while the average 2018 costs were 8 million U.S. dollars. The size of production sites increased from three acres to up to 25 acres in the same twenty year timespan.
Key information on shale wells in Texas, United States in 1998 and 2018
Characteristic
1998
2018 (average)
2018 (small sites)
2018 (large sites)
Production site costs (in 1,000 U.S. dollars)*
650
8,000
-
-
Number of wells per site
1
30
-
-
Size of production site (in acres)
3
-
4
25
First month natural gas production (in 1,000 cubic feet/day)
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Wall Street Journal. (June 29, 2018). Key information on shale wells in Texas, United States in 1998 and 2018 [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/468437/texas-shale-wells-key-statistics/
Wall Street Journal. "Key information on shale wells in Texas, United States in 1998 and 2018." Chart. June 29, 2018. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/468437/texas-shale-wells-key-statistics/
Wall Street Journal. (2018). Key information on shale wells in Texas, United States in 1998 and 2018. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/468437/texas-shale-wells-key-statistics/
Wall Street Journal. "Key Information on Shale Wells in Texas, United States in 1998 and 2018." Statista, Statista Inc., 29 Jun 2018, https://www.statista.com/statistics/468437/texas-shale-wells-key-statistics/
Wall Street Journal, Key information on shale wells in Texas, United States in 1998 and 2018 Statista, https://www.statista.com/statistics/468437/texas-shale-wells-key-statistics/ (last visited December 30, 2024)
Key information on shale wells in Texas, United States in 1998 and 2018 [Graph], Wall Street Journal, June 29, 2018. [Online]. Available: https://www.statista.com/statistics/468437/texas-shale-wells-key-statistics/
