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(edited)

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.

EF-956754.png

Visit ShaleProfile blog to explore the full interactive dashboard

These interactive presentations contain the latest oil & gas production data from all 24,877 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through May 2020.

Total production

Oil production collapsed in May to 0.9 million bo/d (after upcoming revisions), a m-o-m decline of ~300 thousand bo/d. This brought output back to a level last seen 7 years ago.

Supply Projection dashboard

But as of last week, only 12 rigs were drilling horizontal wells in this basin, according to the Baker Hughes rig count, far below the activity seen in 2013  (>200 rigs).  If it holds at this level, and assuming no changes in rig or well productivity, then our projection has output falling to below 0.5 million bo/d in 4 years, as you can view in our Supply projection dashboard:

EF-Supply-Projection.png

Tight oil outlook for the Eagle Ford at current drilling levels and productivity.

Top operators

The 8 largest operators in the basin are displayed in the final tab. The top 3, EOG, ConocoPhillips & Chesapeake, all sharply reduced output in May (by 30-50% compared with earlier in the year).

The well performance of all major operators can be easily compared within our ShaleProfile Analytics (Professional) service, as you can see in the following screenshot.

EF-ranking.png

Well productivity ranking of all major operators in the Eagle Ford. Oil wells only.

On the right side you can see all the operators with at least 100 operated wells, ranked by their average cumulative oil recovered in the first 2 years. The left side shows all their wells, colored by the same metric. The dashboards in our services are interactive, so clicking on an operator will exactly show the position of its wells. The thickness of the lines indicates the relative well count.

On this metric, Devon Energy is clearly in the lead, as its 874 oil wells with at least 2 years of production history recovered 233 thousand barrels of oil in their first 2 years, on average. Sanchez, which just emerged from bankruptcy, is one of the poorest performers, with less than 80 thousand barrels of oil recovered in the same time frame.

Advanced Insights

The ‘Advanced Insights’ presentation is displayed below:

Adv.18.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.

Finally

Early next week we will have a post on gas production in Pennsylvania and the Haynesville.

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/2EmoKjI

Follow us on Social Media:

Twitter: @ShaleProfile

LinkedIn: ShaleProfile

Facebook: ShaleProfile

Edited by shaleprofile
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