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Eagle Ford: Key Insights, Industry Outlook, and More

PART:
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Part 4
Eagle Ford: Key Insights, Industry Outlook, and More PART 4 OF 13

How Does the Eagle Ford’s Productivity Measure up?

The Eagle Ford Shale’s productivity

In its drilling productivity report, the EIA (U.S. Energy Information Administration) estimated the average new-well production added by each rig in a region. According to the EIA, rigs in the Eagle Ford Shale are the most productive. The EIA expects Eagle Ford rigs to add 1,442 barrels per day in April 2017. However, the Permian Basin’s total production is expected to increase more than the Eagle Ford’s in April. The Permian’s production is expected to increase by 79,000 barrels per day, compared with a forecast increase of 28,000 barrels per day in the Eagle Ford.

How Does the Eagle Ford&#8217;s Productivity Measure up?

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Natural gas productivity is expected to be the highest in the Marcellus Shale in April 2017, as shown above.

Drilled but uncompleted wells

According to the EIA, DUCs (drilled but uncompleted wells) increased from 5,352 to 5,443 between January and February 2017. Most of this increase was seen in the Permian, which added 95 DUCs. The Eagle Ford saw the second-highest increase of 13, far lower than the Permian’s.

Top players in the Eagle Ford include EOG Resources (EOG) and ConocoPhillips (COP). Top players in the Permian include Apache (APA) and Concho Resources (CXO). Next, we’ll discuss well cost trends in the Eagle Ford.

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