shaleprofile + 243 December 18, 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 25,046 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through September 2020. Total production Tight oil production in the Eagle Ford held up at 1.1 million bo/d in September (after upcoming revisions). As is visible in the chart above, output from the ~2,800 wells that began production in the last 2 years contributed to 50% of total output in September. Supply Projection dashboard The horizontal rig count tripled from the low in August to 30 as of last week (according to the Baker Hughes rig count). But we see output falling below the May low in the coming months, unless activity is ramped up far more: Tight oil outlook for the Eagle Ford at current drilling levels and productivity. The above image is taken from our Supply projection dashboard after selecting this basin, and it shows what would happen if drilling & completion activity would continue to be based on 30 rigs in this basin. You can simulate output with your own assumptions on the rig count and productivity by using the parameters in the Instructions window. Permit Activity dashboard Operators have submitted only slightly more permits for new horizontal wells this year than in 2016, which was the low point in the past decade: Permit activity over time in the Eagle Ford, by year of approval. With our new Permit Activity dashboard it’s easy to see how many new wells are being permitted, where they are, and who is most active. Top operators The 8 largest operators in the basin are displayed in the final tab. EOG is still clearly in the lead, despite losing 1/3rd of its production in the 1.5 years through September (283 => 189 kbo/d). 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. Productivity per lateral foot (not shown here), has slightly fallen since 2017. Finally Next week we will have a post on gas production in 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/3p5kibc 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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