This group brings together those who are interested in topics around oil and gas exploration, drilling, refining, and processing.

Post

Visualizing Eagle Ford Oil & Gas Production (Through January 2020)

Enno Peters's picture
CEO ShaleProfile

Background in AI, worked on developing Supply Chain Planning & Optimization solutions for Quintiq, setting up its business in China. Focus on company direction and the technical development...

  • Member since 2018
  • 249 items added with 534,584 views
  • Apr 29, 2020
  • 3947 views

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/3aKIMza

Follow us on Social Media:

Twitter: @ShaleProfile

LinkedIn: ShaleProfile

Facebook: ShaleProfile

Enno Peters's picture
Thank Enno for the Post!
Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.
More posts from this member
Discussions
Spell checking: Press the CTRL or COMMAND key then click on the underlined misspelled word.

No discussions yet. Start a discussion below.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »