If you got a question, look no further.
We post the most common questions
in our FAQ section.
Please fill in the form below to receive a Free Sample of the Report.
SummaryOperators in the Eagle Ford have cut 2015 capital budgets significantly due to lower crude oil prices and in the near term further development of the play will slow significantly compared to 2014. In order to reduce costs quickly, rig contracts have been wound down by operators resulting in a large drop in active rigs during the first quarter of 2015. In order to improve drilling economics, operators have focused on driving down well costs, pressuring service providers to drop costs, pushing drilling rates down, and testing alternative completion methods to improve well productivity. Due to the drastic shift in development schedules for operators, fewer wells are being drilled, completed and brought online. As a result, production levels from the Eagle Ford in 2015 are likely to see a minimal increase compared to 2014 and plateau until market conditions improve.ScopeReport provides information and insight on - - Industry activity in the Eagle Ford (Acreage Positions, Rig Counts, Permit Activity, and Active Counties).- Look at current well design, configurations, and completion practices implemented in the Eagle Ford- Deeper understanding of break-even costs in the Eagle Ford for companies covered.- In depth look at current activities for covered companies and their projected rig counts and capital spending.- Current Globaldata crude oil projections for the Eagle Ford during current market conditions.Reasons to buy- Understanding of the differentiating factors within counties in the Eagle Ford- Understanding of the impact of different strategies implemented by key operators- Identification of counties still seeing development under current market conditions as well as prospective counties to see increased development as market improves
1 Table of Contents1 Table of Contents 21.1 List of Tables 41.2 List of Figures 52 Key Points 63 Introduction 74 Geology 95 Acreage 116 Deals 137 Anadarko 158 Chesapeake 179 EOG 1910 ConocoPhillips 2111 Pioneer 2312 Active Counties 2513 Well Cost 2914 Well Completion and Configuration 3115 Rig Counts 3316 Break-even Costs 3617 Permit Activity 3818 Estimated Ultimate Recovery 3919 Capital Expense Forecast 4120 Contracts 4221 Projected Rig Counts 4422 Crude Oil Production Forecast 4623 Other Operators 4724 Appendix 4924.1 Abbreviations 4924.2 Methodology 4924.2.1 Coverage 4924.2.2 Secondary Research 5024.3 Disclaimer 501.1 List of TablesTable 1: Eagle Ford Geological Characteristics 10Table 2: Recent Eagle Ford Deals 13Table 3: Eagle Ford Well Design and Cost Estimations 31Table 4: Eagle Ford Well Configuration 32Table 5: Eagle Ford Rig Counts 34Table 6: Rig Count Drop in Eagle Ford 35Table 7: Capital Budget (US$ mil) 41Table 8: Contracts Awarded in the Eagle Ford 42Table 9: Gas Processing Facilities 43Table 10: Rigs 44Table 11: Production Figures of Operators in the Eagle Ford 471.2 List of FiguresFigure 1: IP30 by County 8Figure 2: Top 10 Companies Eagle Ford Acreage 11Figure 3: Anadarko EUR (mboe) 16Figure 4: Chesapeake EUR (mboe) 17Figure 5: EOG EUR (mboe) 19Figure 6: ConocoPhillips EUR (mboe) 22Figure 7: Pioneer EUR (mboe) 23Figure 8: Active Wells 25Figure 9: Active Counties For Covered Companies 26Figure 10: Gross Oil Production by County (bd) 2014 27Figure 11: Gross Gas Production by County (mmcfd) 2014 28Figure 12: Eagle Ford Well Cost: GD Calculated Average vs Operator Reported Average 30Figure 13: Break-even (US$/bbl) 36Figure 14: Break Even (US$/bbl) 37Figure 15: Permits per County (Jan - Q2) 38Figure 16: County Average EUR (mboe) Per Well 39Figure 17: Eagle Ford Oil Production (bd) 46