Although tight oil output in the Eagle Ford fell to a for the year in October (at 1.05 million b/d), drilling activity has increased in the past 1.5 year.
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
This interactive presentation contains the latest oil & gas production data from all 26,546 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through October.
Tight oil production in the Eagle Ford fell to 1.05 million b/d in October, the lowest output since March 2021 (Hz. wells only, after upcoming revisions). Natural gas production was close to the annual high, at 5.8 Bcf/d.
With the continued increase in drilling activity, it is no longer only the Permian Basin for which we foresee a growth in output. As of last week, 53 rigs were drilling horizontal wells in the Eagle Ford, the highest number in almost 2 years (according to Baker Hughes). If this level would not change (unlikely), we project a small production increase in the months and years to come, assuming constant well/rig productivity. From our Supply Projection dashboard:
The horizontal rig count & tight oil outlook in the Eagle Ford, based on current drilling activity & well/rig productivity
However, can we assume a constant level of well productivity?
The following overview shows the location and performance of all the horizontal oil wells in the core of the Eagle Ford (Gonzales, Karnes and DeWitt):
Location and performance of all wells in Gonzales, Karnes and DeWitt. Horizontal wells since 2010 only.
The chart on the right side plots the average oil production rate against cumulative oil production. It reveals that in this area, the 2017 vintage has so far performed best: the 627 horizontal oil wells that began production in 2017 recovered just above 250 thousand barrels of oil before falling below 50 b/d, on average, while newer vintages are falling just shy of that figure.
The output and well locations of the 10 largest operators in the basin are displayed in the final tab. EOG’s production in October fell near the lowest level in 8 years.
Our next post will be on all 13 covered states in the US.
Production and completion data is subject to revisions, especially for the last few months.
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.
Visit our blog to read the full post and use the interactive dashboards to gain more insight: https://bit.ly/3GkWbOa
Follow us on Social Media: