These interactive presentations contain the latest oil & gas production data from all 24,965 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through July 2020.
Visit ShaleProfile blog to explore the full interactive dashboard
Like the Bakken and the Permian, oil production in the Eagle Ford also continued to recover in July, to close to 1.1 million bo/d (after upcoming revisions). But decline rates are higher here than in the other 2 tight oil basins, and in combination with the lack of new drilling output is falling steeper.
Supply Projection dashboard
The 15 rigs currently drilling horizontal wells (according to the Baker Hughes rig count), although a higher number than the 10 running in August, will not be able to sustain current production here. You can see this in our outlook for the basin if the rig count and well/rig productivity would stay constant (from our Supply projection dashboard😞
Tight oil outlook for the Eagle Ford at current drilling levels and productivity.
This is of course simply a hypothetical case, but it shows that the outlook isn’t great unless activity levels rise significantly. This dashboard contains an interactive model, so you can create these projections by using your own assumptions on future rig counts and well/rig productivity. In our ShaleProfile Analytics service (Ultimate), you can even save the settings of various scenarios for future use.
A major issue for the basin is that well productivity hasn’t increased since 2017, as you will find in the “Well quality” tab. This is also visible in more detail in the following graph, which was taken from ShaleProfile Analytics service (Professional):
Well productivity in the 6 counties with the most prolific wells. Horizontal oil wells only since 2013.
The chart shows how well results have changed in 6 counties in the Eagle Ford, based on the average cumulative oil recovered in the first 12 months.
You can see that in the counties with the best performing wells (DeWitt and Karnes), productivity already seems to have peaked in 2017, based on this metric.
The 5 largest operators in the basin are displayed in the final tab. EOG and ConocoPhillips still had a significant portion of their production curtailed in July.
The ‘Advanced Insights’ presentation is displayed below:
This “Ultimate recovery” overview reveals the relationship between production rates and cumulative production. Wells are grouped and averaged by the year in which production started.
We just released a new report which you can find here: ShaleProfile’s October report on the 4 major tight oil basins
Next week we will have a post on gas production in Pennsylvania, which will release August production data in the coming days.
Production and completion data is subject to revisions, especially for the last few months.
For this presentation, I used data gathered from the following sources:
- Texas RRC. Production data is provided on the lease level. Individual well production data is estimated from a range of data sources, including regular well tests, and pending lease reports.
Visit our blog to read the full post and use the interactive dashboards to gain more insight: https://bit.ly/378Sjlb
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