1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas Energy Market Trends
  5. > Eagle Ford Shale: Crude Oil Prices Level Off Development Activity

Eagle Ford Shale: Crude Oil Prices Level Off Development Activity

Summary

Operators 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.

Scope

Report 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

Table Of Contents

Eagle Ford Shale: Crude Oil Prices Level Off Development Activity
1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 4
1.2 List of Figures 5
2 Key Points 6
3 Introduction 7
4 Geology 9
5 Acreage 11
6 Deals 13
7 Anadarko 15
8 Chesapeake 17
9 EOG 19
10 ConocoPhillips 21
11 Pioneer 23
12 Active Counties 25
13 Well Cost 29
14 Well Completion and Configuration 31
15 Rig Counts 33
16 Break-even Costs 36
17 Permit Activity 38
18 Estimated Ultimate Recovery 39
19 Capital Expense Forecast 41
20 Contracts 42
21 Projected Rig Counts 44
22 Crude Oil Production Forecast 46
23 Other Operators 47
24 Appendix 49
24.1 Abbreviations 49
24.2 Methodology 49
24.2.1 Coverage 49
24.2.2 Secondary Research 50
24.3 Disclaimer 50

1.1 List of Tables
Table 1: Eagle Ford Geological Characteristics 10
Table 2: Recent Eagle Ford Deals 13
Table 3: Eagle Ford Well Design and Cost Estimations 31
Table 4: Eagle Ford Well Configuration 32
Table 5: Eagle Ford Rig Counts 34
Table 6: Rig Count Drop in Eagle Ford 35
Table 7: Capital Budget (US$ mil) 41
Table 8: Contracts Awarded in the Eagle Ford 42
Table 9: Gas Processing Facilities 43
Table 10: Rigs 44
Table 11: Production Figures of Operators in the Eagle Ford 47

1.2 List of Figures
Figure 1: IP30 by County 8
Figure 2: Top 10 Companies Eagle Ford Acreage 11
Figure 3: Anadarko EUR (mboe) 16
Figure 4: Chesapeake EUR (mboe) 17
Figure 5: EOG EUR (mboe) 19
Figure 6: ConocoPhillips EUR (mboe) 22
Figure 7: Pioneer EUR (mboe) 23
Figure 8: Active Wells 25
Figure 9: Active Counties For Covered Companies 26
Figure 10: Gross Oil Production by County (bd) 2014 27
Figure 11: Gross Gas Production by County (mmcfd) 2014 28
Figure 12: Eagle Ford Well Cost: GD Calculated Average vs Operator Reported Average 30
Figure 13: Break-even (US$/bbl) 36
Figure 14: Break Even (US$/bbl) 37
Figure 15: Permits per County (Jan - Q2) 38
Figure 16: County Average EUR (mboe) Per Well 39
Figure 17: Eagle Ford Oil Production (bd) 46

Companies Mentioned
Anadarko
Chesapeake
EOG
ConocoPhillips
Pioneer

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Crude Oil Flow Improvers Market by Type, Application, Supply Mode - Global Forecast to 2021

Crude Oil Flow Improvers Market by Type, Application, Supply Mode - Global Forecast to 2021

  • $ 12000
  • Industry report
  • September 2016
  • by MarketsandMarkets

“Rise in crude oil production worldwide drives the COFI market” The global market size of COFI is estimated to reach USD 1.73 billion by 2021 from 1.32 billion in 2016, at a CAGR of 5.5%. Excessive ...

Oil Storage Market Analysis By Product (Open Top, Fixed Roof, Floating Roof), By Application (Crude Oil, Aviation Fuel, Gasoline, Middle Distillates) And Segment Forecasts To 2025

Oil Storage Market Analysis By Product (Open Top, Fixed Roof, Floating Roof), By Application (Crude Oil, Aviation Fuel, Gasoline, Middle Distillates) And Segment Forecasts To 2025

  • $ 4950
  • Industry report
  • October 2016
  • by Grand View Research

The global oil storage market is expected to reach 2.16 billion cubic meters by 2025, according to a new report by Grand View Research, Inc. Ongoing revisions in energy security policies and guidelines ...

Global Oil & Gas Pipeline Fabrication and Construction Market - Market Analysis by Geography, by Service (fabrication and construction) and Type of Product Transported (natural gas, crude oil, refined products and chemicals), Competitive Landscape, Key Co

Global Oil & Gas Pipeline Fabrication and Construction Market - Market Analysis by Geography, by Service (fabrication and construction) and Type of Product Transported (natural gas, crude oil, refined products and chemicals), Competitive Landscape, Key Co

  • $ 4250
  • Industry report
  • August 2016
  • by Mordor Intelligence LLP

In Oil & Gas, pipelines are used to solve the problem of mismatch between demand and production locations. They are the most efficient and carbon free form of transport system available for Oil & Gas industry. ...


Download Unlimited Documents from Trusted Public Sources

Biodiesel Supply in Brazil

  • December 2016
    7 pages
  • Bioenergy  

    Biofuel  

    Bioproduct  

  • Brazil  

View report >

Petroleum Industry in Iran and the US - Forecast

  • December 2016
    10 pages
  • Petroleum  

    Oil Refining  

    Metals  

  • Iran  

    United States  

View report >

Oil and Gas Industry in the US

  • December 2016
    121 pages
  • Shale Gas  

    Gas  

    Offshore Drilli...  

  • United States  

    North America  

View report >

Natural Gas Industry

17 hours ago

Related Market Segments :

Crude Oil
Gas
Oil
Oil Production

ref:plp2015

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.