This interactive presentation contains the latest oil & gas production data from all 23,673 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through August 2019.
Visit ShaleProfile blog to explore the full interactive dashboard
Oil production in the basin has hovered around 1.3 million bo/d since the start of this year. Through August, just over 5 wells have been completed every day, on average, which has countered the natural decline in legacy wells.
As mentioned in earlier posts, well productivity hasn’t changed in the since 2017, as you’ll find in the “Well quality” tab. Normalizing for the increase in lateral length (which is made very easy in our analytics service), well results are slightly down.
This probably also explains why most of the largest operators here are below their peak output (“Top operators”).
In previous posts on the other basins, we included a screenshot from our new “Productivity Ranking” dashboard, available in ShaleProfile Analytics. Here you can find the results for the Eagle Ford:
Devon and ConocoPhillips show the best results. Their wells recovered on average over 200 thousand barrels of oil in the first 2 years on production.
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.
This chart also reveals that well performance hasn’t changed since 2017. New wells are on a trajectory to recover about 200 thousand barrels of oil, before their production rate has fallen below 20 bo/d, on average. This however also includes a number of gas wells (filtering for these well types is a subscription-only feature).
Early next week we will have a new post on all covered states in the US. We also plan to go live later this week with a new version of our website, so don’t be surprised to see some changes the next time you visit us!
Have a blessed and happy Thanksgiving!
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 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/34wJtda
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