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Visualizing Eagle Ford Oil & Gas Production (Through August 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 25,078 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through August 2020.
Total production
Tight oil production in the Eagle Ford made a small additional recovery in August, to about 1.1 million bo/d. This was still almost 20% lower than at the start of the year when output was close to 1.4 million bo/d.
Supply Projection dashboard
The horizontal rig count has started to recover in the past 3 months, from the low of 10 rigs at the end of August, to 24 as of last week (according to the Baker Hughes rig count). But much more is needed to stem the underlying decline, as can be seen in our Supply projection dashboard after selecting this basin:
Tight oil outlook for the Eagle Ford at current drilling levels and productivity.
Using the interactive model, you will find that about 60 rigs would be needed to keep production at 1 million b/d, assuming no changes in productivity.
Top operators
The 12 largest operators in the basin are displayed in the final tab. Chesapeake and ConocoPhillips, the numbers 2 & 3 in the basin, brought some production back online, while EOG, the largest producer in the basin, saw a small drop in output.
Advanced Insights
The ‘Advanced Insights’ presentation is displayed below:Tight oil outlook for the Eagle Ford at current drilling levels and productivity.
Using the interactive model, you will find that about 60 rigs would be needed to keep production at 1 million b/d, assuming no changes in productivity.
Top operators
The 12 largest operators in the basin are displayed in the final tab. Chesapeake and ConocoPhillips, the numbers 2 & 3 in the basin, brought some production back online, while EOG, the largest producer in the basin, saw a small drop in output.
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.
No productivity gains have been made in the basin since 2017, on average.
Finally
For 95%+ of all the horizontal wells in the Eagle Ford, production data is already available through September in our subscription services.
Later this week we will have a post on gas production in Pennsylvania, which already released September production last 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/3m4AHfc
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- Operators & Mineral Owners Proprietary Well-Level Production Data is Now Accessible
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