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Eagle Ford - update through December 2019

These interactive presentations contain the latest oil & gas production data from all 24,232 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through December 2019.

EF-95675.png

Visit ShaleProfile blog to explore the full interactive dashboard

December oil production was up slightly from the previous month, but down year-over-year. Almost 2,000 wells were completed last year, a similar level as the year before (2,168).

On average, well productivity did not change last year compared with the previous year, as you can find in the bottom chart of the “Well quality” tab.

The overall output from the top operators and the location of their wells are displayed in the “Top operators” view. EOG, the number 1, produced 260 thousand bo/d in this basin, exactly the same volume it did 5 years earlier. It increased again in January, based on preliminary data available in our subscription services.

The ‘Advanced Insights’ presentation is displayed below:

Adv.1-1.png

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.

If you group the wells by quarter (or month) you will see more granular and recent data. You will then also see that well results haven’t improved since Q4 2017.

In this screenshot, taken from ShaleProfile Analytics, you can see how well performance has changed in the last couple of years in the top-4 counties (based on well results) in the Eagle Ford, measured by the cumulative oil recovered in the first year:

EF-top-counties-1.png

Well productivity in the top-4 counties in the Eagle Ford

Early next week, we will have a new post on all covered states in the US. We will then also announce a new dashboard, which we believe is very relevant for the current market situation: it will show production forecasts based on different rig count assumptions.

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.
  • FracFocus.org

Visit our blog to read the full post and use the interactive dashboards to gain more insight: https://bit.ly/3bHU9c5

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