This interactive presentation contains the latest oil & gas production data from all 22,019 horizontal wells in the Eagle Ford region, that started producing since 2008, through November.
Visit ShaleProfile blog to explore the full interactive dashboard
Oil production in the Eagle Ford during 2018 stayed within a few percents of the 1.3 million bo/d level set in December 2017, and I expect that to hold also after upcoming upward revisions. Through November, operators completed 10% more wells than in the same period in 2017.
Well productivity hasn’t changed much in the past year, as you can easily see in the bottom graph of the ‘Well quality’ tab.
All leading operators were off their peak production in November (see ‘Top operators’), although EOG & ConocoPhillips only marginally so.
The ‘Advanced Insights’ presentation is displayed below:
In this “Ultimate Recovery” overview, the relationship between production rates and cumulative production is revealed. Wells are grouped by the year in which production started.
So far most oil has been recovered by the 4,465 wells that started in 2014; they are now at 155 thousand barrels of oil and at a flow rate of 31 bo/d, on average. Newer wells are on a path to recover about 30 thousand barrels of oil more once they hit the same level.
We have seen quite some interest in the Austin Chalk formation in this area. Production is increasing, although from a small base. This screenshot, from our advanced analytics service, compares the performance of wells in the Austin Chalk and the Eagle Ford, for the 2015-2017 vintages, with only oil wells selected.
Clearly, recent Austin Chalk wells are outperforming those in the Eagle Ford.
Early next week we will have a post covering data from 10 states in the US.
Production 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 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 http://bit.ly/2VChWlm