shaleprofile + 242 April 29, 2020 This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well. Visit ShaleProfile blog to explore the full interactive dashboard These interactive presentations contain the latest oil & gas production data from all 24,411 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through January 2020. Total production At just over 1.3 million bo/d, January oil production was (after upcoming revisions) basically unchanged both m-o-m and y-o-y. Supply Projection dashboard As of last week, the horizontal rig count in this basin has fallen to just 37, down from 94 in February last year. This is not enough to sustain current production. The following image, taken from our publicly available Supply projection dashboard, shows that if this number, as well as rig & well productivity, would not change (all admittedly unrealistic assumptions), then the long-term capacity of the basin would be below 0.9 million bo/d: Oil projection in the Eagle Ford with 37 horizontal rigs. This does not even consider the extra shut-ins that are currently taking place due to the dramatic decline in oil prices. Last week we hosted a webinar on this dashboard. If you missed it, you can still find a recording of it here: Supply Projection webinar recording Well productivity On average, well performance has not improved in the last 3 years as you’ll find in the bottom chart of the “Well quality” tab. On a normalized basis (lateral length or proppants), results are somewhat lower. Top operators The top 3 operators in the basin (EOG, ConocoPhillips & Chesapeake) were all at or near the historical production record in January. Almost 95% of February production data is also already available in our subscription services. Advanced Insights 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. The 1,919 horizontal wells that began production in 2017 (dark orange curve) have, after producing just over 2 years (26 months), recovered 150 thousand barrels of oil as well as 0.7 Bcf of natural gas, on average. Finally Later this week we will have a post on Oklahoma, followed by one on all covered states early next week. We also plan to release a new monthly report this week. Production and completion data is subject to revisions, especially for the last few months. Sources 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/2YhpFu0 Follow us on Social Media: Twitter: @ShaleProfile LinkedIn: ShaleProfile Facebook: ShaleProfile Quote Share this post Link to post Share on other sites
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