Eagle Ford Monthly Update
Eagle Ford – update through September 2019
Oil production in the basin has hovered around 1.3 million bo/d since the start of this year. Through August, just over 5 wells have been completed every day, on average, which has countered the natural decline in legacy wells.
Eagle Ford – update through August 2019
Oil production in the basin has hovered around 1.3 million bo/d since the start of this year. Through August, just over 5 wells have been completed every day, on average, which has countered the natural decline in legacy wells.
Eagle Ford – update through July 2019
July oil production came in at 1.3 million bo/d, basically unchanged since the start of the year. Natural gas production was just short of 6.3 Bcf/d, the highest level in 3 years (switch product to “gas” to see this).
Eagle Ford – update through June 2019
Oil production came in at 1.3 million bo/d in June, unchanged from the month before. Since March, the horizontal rig count in this basin has dropped from 82 to 62, the lowest number in the past 1.5 year. Natural gas production was 6.2 Bcf/d, almost back to the level in December last year.
Eagle Ford – update through May 2019
Oil production has stayed at a level of around 1.3 million bo/d in the first 5 months of this year, after revisions. Although not all well completions are reported yet, so far the number is lower than last year (688 vs. 809 through May).
Eagle Ford – update through April 2019
April oil production came in at about 1.3 million bo/d, unchanged from a month earlier and just a few percent higher than a year ago. Natural gas production hovers still around 6 Bcf/d (switch ‘Product’ to ‘gas’). Production from the ~2,500 horizontal wells that began operations in 2018 and in the first 4 months of this year (represented by the light and dark blue areas) contributed 54% of oil production, and 45% of gas production in April.
Eagle Ford – update through March 2019
March oil production came in at about 1.3 million bo/d, after upcoming revisions, 5% higher than a year earlier. Natural gas production is still hovering at a level close to 6 Bcf/d (switch ‘Product’ to ‘gas’).
Eagle Ford – update through February 2019
February oil production came in at 1,22 million bo/d, the same rate of production as a year earlier. After revisions it will be a little higher, but still below the level at the end of last year. As is visible in the graph above, the contribution of wells that came online before 2018 was just about 50% in February.
Eagle Ford – update through January 2019
January oil production came in at 1,24 million bo/d, maintaining the same level as a year earlier. However, after revisions, it will end up closer to the 1.3 million bo/d that was produced a month earlier.
Eagle Ford – update through December 2018
December oil production, close to 1.3 million bo/d, barely changed y-o-y. Just over 1,800 new horizontal wells were able to counter the ~45% decline in legacy production in 2018. Gas production hovered last year just below 6 Bcf/d.
