Production in the Eagle Ford recovered somewhat in June, after the 30% drop in May.

With just 10 rigs active and productivity peaking, the outlook is grim. ConocoPhillips had still 70% of its production curtailed.

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 24,933 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through June 2020.

Total production

After a 30% drop in May, Eagle Ford oil production recovered by almost 100 thousand bo/d to close to 1 million bo/d in June (after upcoming revisions). Although natural gas production has held up better (toggle “Product” to gas), output for the month (~5.4 Bcf/d) was not far above the 2017 low.

Supply Projection dashboard

The outlook for the basin further worsened compared with last month, as 2 more horizontal rigs were dropped (to 10), according to the Baker Hughes rig count. In the hypothetical case that this level does not change, then our projection has output falling to below 0.7 million bo/d by the end of next year, as you can view in our Supply projection dashboard:

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

Top operators

The 5 largest operators in the basin are displayed in the final tab. Of these, ConocoPhillips responded the most drastically as it shut in over 70% of its capacity by June.

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.

As you can see, already before the impact from covid-19, well productivity seemed to have hit a ceiling in 2017 (even not taking into account more intense completions).

This is confirmed by this screenshot from our ShaleProfile Analytics (Professional) service, in which I’ve selected only oil wells (a subscription only feature):

Well productivity in the Eagle Ford. Horizontal oil wells only.

Finally

July production data for over 90% of the wells in the Eagle Ford is already available in our subscription services.

Later this week we will have a post on gas production in Pennsylvania, which released July production data a few days ago (almost immediately afterwards available for our subscribers).

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/3iU8zK5

Follow us on Social Media:

Twitter: @ShaleProfile

LinkedIn: ShaleProfile

Facebook: ShaleProfile

--

--

--

Dedicated to developing the best Visualization & #Analytics solution for the #Shale #Oil & #Gas industry. Follow us and gain insights on Shale Production.

Love podcasts or audiobooks? Learn on the go with our new app.

School Gardens and Community Gardens are Essential Infrastructure

Why the ‘colour’ of hydrogen is important

Top 3 ESG trends to keep up with in 2022

TreeEra + Green Upward: A Conversation Between Two Sustainable Initiatives

Green energy future

Rethinking Aviation in times of COVID-19

How Old Is New: The Retrofit Revolution Inside Industry

Cool Story — Keep America Beautiful Promotes Recycling and Discourages Littering to Beautify…

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
ShaleProfile Analytics

ShaleProfile Analytics

Dedicated to developing the best Visualization & #Analytics solution for the #Shale #Oil & #Gas industry. Follow us and gain insights on Shale Production.

More from Medium

coming home — a story from january.

Vincentian Change: Personal and Systemic Reinvention

Why Mafia: Definitive Edition is the Best in the Series

Love Letter to Beirut: Architecture Graduate Holds First Photography Exhibition