Eagle Ford Shale Study – Area Overview

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Eagle Ford Shale Study
November 11, 2010
Eagle Ford Shale Study – Area Overview
Overview Map
Eagle Ford Shale Study – Area Overview
Total Historical Production Stacked by Area
400,000
400
Area 1 (South Texas) Daily Equivalent (Mcfe/day)
350,000
Area 2 (Gulf Coast Texas) Daily Equivalent (Mcfe/day)
350
Area 3 (Greater East Texas) Daily Equivalent (Mcfe/day)
300
250,000
250
200,000
200
150,000
150
100,000
100
50,000
50
0
0
Total Wellcount
300,000
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Daily Equivalent (Mcfe/day)
Total Wellcount
Eagle Ford Shale Study – Area Overview
Horizontal Well Production Stacked by Area
400,000
400
Area 1 (South Texas) Daily Equivalent (Mcfe/day)
350,000
350
Area 2 (Gulf Coast Texas) Daily Equivalent (Mcfe/day)
Area 3 (Greater East Texas) Daily Equivalent (Mcfe/day)
Total Wellcount
250
200,000
200
150,000
150
100,000
100
50,000
50
Jul 2010
May 2010
Mar 2010
Jan 2010
Nov 2009
Sep 2009
Jul 2009
May 2009
Mar 2009
Jan 2009
Nov 2008
Sep 2008
Jul 2008
May 2008
Mar 2008
Jan 2008
Nov 2007
Sep 2007
Jul 2007
May 2007
0
Mar 2007
0
Total Wellcount
300
250,000
Jan 2007
Daily Equivalent (Mcfe/day)
300,000
Eagle Ford Shale Study – Area Overview
Area 1 (South Texas) Operator Ranking
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Operator
ANADARKO PETROLEUM CORPORATION
ROSETTA RESOURCES INC.
SM ENERGY COMPANY
PETROHAWK ENERGY CORPORATION
XTO ENERGY, INC.
CHESAPEAKE ENERGY CORPORATION
EL PASO CORPORATION
TALISMAN ENERGY USA INC.
EOG RESOURCES INCORPORATED
LEWIS PETRO PROPERTIES, INC.
SWIFT ENERGY COMPANY
ESCONDIDO RESOURCES II, LLC
MURPHY OIL CORPORATION
SAN ISIDRO DEVELOPMENT CO, L. C.
REDEMPTION OIL & GAS, LLC
CABOT OIL & GAS CORPORATION
NEWFIELD EXPLORATION COMPANY
MANTI EXPLORATION OPERATING LLC
ESPADA OPERATING LLC
EDDY A. STACHA
Active Well
Count
41
15
28
29
4
8
5
5
5
6
2
1
5
1
1
1
3
1
1
1
*Notes: Above based on gross, operated data
Daily Oil
(bbl/day)
5,619
2,953
1,474
1,216
502
1,514
990
126
798
6
308
0
0
249
165
87
28
31
6
1
Daily Gas
(Mcf/day)
Daily
Equivalent
(Mcfe/day)
% of Total
Cum %
Average Rate
per Well
(Mcfe/day)
28,510
43,620
39,291
39,700
12,502
5,087
3,606
8,124
1,742
6,463
2,981
4,483
3,318
783
0
40
268
0
0
0
62,222
61,335
48,135
46,993
15,516
14,169
9,545
8,878
6,530
6,501
4,830
4,483
3,318
2,275
989
562
435
185
37
4
21%
21%
16%
16%
5%
5%
3%
3%
2%
2%
2%
2%
1%
1%
0%
0%
0%
0%
0%
0%
21%
42%
58%
74%
79%
84%
87%
90%
92%
94%
96%
97%
98%
99%
100%
100%
100%
100%
100%
100%
1,518
4,089
1,719
1,620
3,879
1,771
1,909
1,776
1,306
1,083
2,415
4,483
664
2,275
989
562
145
185
37
4
Eagle Ford Shale Study – Area Overview
Area 2 (Gulf Coast Texas) Operator Ranking
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
Operator
PIONEER NATURAL RESOURCES COMPANY
GEOSOUTHERN ENERGY CORPORATION
EOG RESOURCES INCORPORATED
CONOCOPHILLIPS COMPANY
ENDURING RESOURCES, LLC
DAN A. HUGHES COMPANY, L.P.
RILEY EXPLORATION, LLC
APACHE CORPORATION
MODERN EXPLORATION, INC.
CLAYTON ENERGY WILLIAMS, INC.
EXPLORATION TECHNIQUES, INC.
TDC ENGINEERING, INC.
XTO ENERGY, INC.
Active
Well Count
Daily Oil
(bbl/day)
Daily Gas
(Mcf/day)
Daily
Equivalent
(Mcfe/day)
% of Total
Cum %
Average Rate
per Well
(Mcfe/day)
9
5
13
1
2
3
2
26
1
2
1
1
1
1,055
1,671
2,384
689
298
678
676
207
168
155
5
2
1
14,749
7,706
2,395
3,417
4,264
939
722
204
0
0
0
0
0
21,079
17,729
16,701
7,549
6,051
5,005
4,778
1,443
1,007
931
28
11
7
26%
22%
20%
9%
7%
6%
6%
2%
1%
1%
0%
0%
0%
26%
47%
67%
77%
84%
90%
96%
98%
99%
100%
100%
100%
100%
2,342
3,546
1,285
7,549
3,025
1,668
2,389
56
1,007
465
28
11
7
*Notes: Above based on gross, operated data
Eagle Ford Shale Study – Area Overview
Area 1 (South Texas) Operators by Drill Type
70,000
60,000
Horizontal (Mcfe/day)
Vertical (Mcfe/day)
Daily Equivalent (Mcfe/day)
50,000
40,000
30,000
20,000
10,000
0
*Notes: Above based on gross, operated data
Eagle Ford Shale Study – Area Overview
Area 2 – Gulf Coast Texas Operators by Drill Type
45,000
40,000
Daily Equivalent (Mcfe/day)
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
*Notes: Above based on gross, operated data
Vertical (Mcfe/day)
Horizontal (Mcfe/day)
Eagle Ford Shale Study – Area Overview
Area 1 – South Texas Type Curve Comparison by Drill Type
10,000
Horizontal Wells - Drilled Since 2006 (Mcfe/day)
Vertical Wells (Mcfe/day)
100
10
Year 9
Year 8
Year 7
Year 6
Year 5
Year 4
Year 3
Year 2
Year 1
1
Year 0
Daily Equivalent (Mcfe/day)
1,000
Eagle Ford Shale Study – Area Overview
Area 2 – Gulf Coast Texas Type Curve Comparison by Drill Type
10,000
Horizontal Wells - Drilled Since 2006 (Mcfe/day)
Vertical Wells (Mcfe/day)
100
10
Year 9
Year 8
Year 7
Year 6
Year 5
Year 4
Year 3
Year 2
Year 1
1
Year 0
Daily Equivalent (Mcfe/day)
1,000
Month 23
Month 22
Month 21
Month 20
Month 19
Month 18
Month 17
Month 16
Month 15
Month 14
Month 13
Month 12
Month 11
Month 10
Month 9
Month 8
Month 7
Month 6
Month 5
Month 4
Month 3
Month 2
Month 1
Month 0
Daily Rate and Wellcount
Area 1 – South Texas Type Curve for Horizontal Wells Drilled Since 2006
Eagle Ford Shale Study – Area Overview
10,000
Daily Oil (bbl/day)
Daily Gas (Mcf/day)
Number of Wells Influencing the Curve
1,000
100
10
1
Eagle Ford Shale Study – Area Overview
Area 2 – Gulf Coast Texas Type Curve for Horizontal Wells Drilled Since 2006
10,000
Daily Oil (bbl/day)
Daily Gas (Mcf/day)
Number of Wells Influencing the Curve
100
10
Month 23
Month 22
Month 21
Month 20
Month 19
Month 18
Month 17
Month 16
Month 15
Month 14
Month 13
Month 12
Month 11
Month 10
Month 9
Month 8
Month 7
Month 6
Month 5
Month 4
Month 3
Month 2
Month 1
1
Month 0
Daily Rate and Wellcount
1,000
Eagle Ford Shale Study – Area Overview
Area 1 – South Texas Horizontal Production Stacked by Vintage
300,000
300
2010 - Daily Equivalent (Mcfe/day)
2009 - Daily Equivalent (Mcfe/day)
2008 - Daily Equivalent (Mcfe/day)
2007 - Daily Equivalent (Mcfe/day)
2000-2006 - Daily Equivalent (Mcfe/day)
Total Wellcount
200
150,000
150
100,000
100
50,000
50
Jul 2010
May 2010
Mar 2010
Jan 2010
Nov 2009
Sep 2009
Jul 2009
May 2009
Mar 2009
Jan 2009
Nov 2008
Sep 2008
Jul 2008
May 2008
Mar 2008
Jan 2008
Nov 2007
Sep 2007
Jul 2007
May 2007
0
Mar 2007
0
Wellcount
250
200,000
Jan 2007
Daily Equivalent (Mcfe/day)
250,000
Eagle Ford Shale Study – Area Overview
Area 2 – Gulf Coast Texas Horizontal Production Stacked by Vintage
300,000
300
2010 - Daily Equivalent (Mcfe/day)
2009 - Daily Equivalent (Mcfe/day)
2008 - Daily Equivalent (Mcfe/day)
2007 - Daily Equivalent (Mcfe/day)
2000-2006 - Daily Equivalent (Mcfe/day)
Total Wellcount
200
150,000
150
100,000
100
50,000
50
Jul 2010
May 2010
Mar 2010
Jan 2010
Nov 2009
Sep 2009
Jul 2009
May 2009
Mar 2009
Jan 2009
Nov 2008
Sep 2008
Jul 2008
May 2008
Mar 2008
Jan 2008
Nov 2007
Sep 2007
Jul 2007
May 2007
0
Mar 2007
0
Wellcount
250
200,000
Jan 2007
Daily Equivalent (Mcfe/day)
250,000
Eagle Ford Shale Study – A Closer Look at South Texas
Production Stacked by Operator
300,000
300
EL PASO CORPORATION
CHESAPEAKE ENERGY CORPORATION
250,000
250
XTO ENERGY, INC.
PETROHAWK ENERGY CORPORATION
SM ENERGY COMPANY
ROSETTA RESOURCES INC.
200
ANADARKO PETROLEUM CORPORATION
All Other Operators - Daily Equivalent (Mcfe/day)
Total Wellcount
150,000
150
100,000
100
50,000
50
*Notes: Above based on gross, operated data
Jul 2010
Aug 2010
Jun 2010
Apr 2010
May 2010
Mar 2010
Jan 2010
Feb 2010
Dec 2009
Oct 2009
Nov 2009
Sep 2009
Jul 2009
Aug 2009
Jun 2009
May 2009
Apr 2009
Feb 2009
Mar 2009
Jan 2009
Dec 2008
Oct 2008
Nov 2008
Sep 2008
Jul 2008
Aug 2008
Jun 2008
Apr 2008
May 2008
Mar 2008
Jan 2008
0
Feb 2008
0
Total Wellcount
Daily Equivalent (Mcfe/day)
200,000
Eagle Ford Shale Study – A Closer Look at South Texas
Type Curve Comparison by Operator
10,000
Daily Equivalent (Mcfe/day)
1,000
100
ANADARKO PETROLEUM CORPORATION
ROSETTA RESOURCES INC.
SM ENERGY COMPANY
PETROHAWK ENERGY CORPORATION
XTO ENERGY, INC.
10
CHESAPEAKE ENERGY CORPORATION
EL PASO CORPORATION
INDUSTRY AVERAGE
*Notes: Above based on gross, operated data
Month 24
Month 23
Month 22
Month 21
Month 20
Month 19
Month 18
Month 17
Month 16
Month 15
Month 14
Month 13
Month 12
Month 11
Month 10
Month 9
Month 8
Month 7
Month 6
Month 5
Month 4
Month 3
Month 2
Month 1
1
Eagle Ford Shale Study – A Closer Look at South Texas
Cumulative Production by Operator by Drill Type
25,000
Vertical Equivalent Cum (MMcfe)
Cumulative Equivalent Production (MMcfe)
20,000
15,000
10,000
5,000
0
*Notes: Above based on gross, operated data
Horizontal Equivalent Cum (MMcfe)
Eagle Ford Shale Study – A Closer Look at South Texas
Cumulative Production by Operator by Product
25,000
Cumulative Equivalent Production (MMcfe)
20,000
15,000
10,000
5,000
0
*Notes: Above based on gross, operated data
Cumulative Oil (In Terms of Gas - MMcfe)
Cumulative Gas (MMcf)
Eagle Ford Shale Study – A Closer Look at South Texas
IP Analysis
12,000
10,000
Equivalent IP (Mcfe/day)
8,000
6,000
4,000
2,000
0
Eagle Ford Shale Study – A Closer Look at South Texas
IP Analysis - IP vs. Horizontal Length (feet) by Vintage
12,000
2000-2007
2008
10,000
2009
2010
(Equivalent IP (Mcfe/day)
8,000
6,000
4,000
2,000
0
0
1,000
2,000
3,000
4,000
5,000
Horizontal Length (feet)
6,000
7,000
8,000
9,000
Eagle Ford Shale Study – A Closer Look at South Texas
IP Analysis by Product
12,000
10,000
Oil Wells (40% or more oil by Equivalent Cum)
Gas Wells (60% or more gas by Equivalent Cum)
(Equivalent IP (Mcfe/day)
8,000
6,000
4,000
2,000
0
Eagle Ford Shale Study – A Closer Look at South Texas
IP Analysis by Operator
12,000
ANADARKO PETROLEUM CORPORATION
CABOT OIL & GAS CORPORATION
CHESAPEAKE ENERGY CORPORATION
CORNERSTONE E & P COMPANY, LP
10,000
EL PASO CORPORATION
EOG RESOURCES INCORPORATED
ESCONDIDO RESOURCES II, LLC
ESPADA OPERATING LLC
(Equivalent IP (Mcfe/day)
8,000
LEWIS PETRO PROPERTIES, INC.
MURPHY OIL CORPORATION
NEWFIELD EXPLORATION COMPANY
PETROHAWK ENERGY CORPORATION
6,000
REDEMPTION OIL & GAS, LLC
ROSETTA RESOURCES INC.
SAN ISIDRO DEVELOPMENT CO, L. C.
4,000
SM ENERGY COMPANY
SWIFT ENERGY COMPANY
TALISMAN ENERGY USA INC.
XTO ENERGY, INC.
2,000
0
0
1,000
2,000
3,000
4,000
5,000
Horizontal Length (feet)
*Notes: Above based on gross, operated data
6,000
7,000
8,000
9,000
4,500
4,000
Jan 2007
Feb 2007
Mar 2007
Apr 2007
May 2007
Jun 2007
Jul 2007
Aug 2007
Sep 2007
Oct 2007
Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Dec 2008
Jan 2009
Feb 2009
Mar 2009
Apr 2009
May 2009
Jun 2009
Jul 2009
Aug 2009
Sep 2009
Oct 2009
Nov 2009
Dec 2009
Jan 2010
Feb 2010
Mar 2010
Apr 2010
May 2010
Jun 2010
Jul 2010
Aug 2010
Sep 2010
Oct 2010
Nov 2010
Gross Acreage (Thousands of Acres)
Eagle Ford Shale Study – A Closer Look at South Texas
Gross Acreage Leased by Year
5,000
2010
2009
2008
2007
3,500
3,000
2,500
2,000
1,500
1,000
500
0
Eagle Ford Shale Study – A Closer Look at South Texas
Permits Issued by Drill Type Since 2000
600
500
Vertical
Horizontal
No. of Permits Issued
400
300
200
100
0
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
CASKIDS OPERATING CO.
MCDAY ENERGY CORP.
LMP PETROLEUM
HUNT OIL CO.
COMMON RESOURCES L.L.C.
70
TIDAL PETROLEUM
EXXON MOBIL CORP.
ESPADA OPERATING LLC
COMSTOCK OIL & GAS, LP
CHEYENNE PETROLEUM CO.
CABOT OIL & GAS CORP.
AURORA RESOURCES CORP.
TALISMAN ENERGY USA INC.
MATADOR PRODUCTION CO.
GOODRICH PETROLEUM CO.
ENDURING RESOURCES, LLC
SHELL WESTERN E&P
RILEY EXPLORATION, LLC
LAREDO ENERGY
SAN ISIDRO DEVELOPMENT CO.
MURPHY EXPL. & PROD. CO.
XTO ENERGY INC.
TEXAS AMERICAN RESOURCES
NEWFIELD EXPLORATION CO.
CARRIZO OIL & GAS
ESCONDIDO RESOURCES II
EOG RESOURCES
EL PASO E & P CO., L. P.
SM ENERGY CO.
SWIFT ENERGY OPERATING
ROSETTA RESOURCES
PETROHAWK OPERATING CO.
LEWIS PETRO PROPERTIES
ANADARKO E&P CO. LP
CHESAPEAKE OPERATING
No. of Permits Issued
Eagle Ford Shale Study – A Closer Look at South Texas
Active Permits by Operator by Drill Type Since 2008
80
Vertical
Horizontal
60
50
40
30
20
10
0
Eagle Ford Shale Study
Data sources:
HPDI.Com
DrillingInfo.Com
Notes:
1.
Production data as of August 31, 2010
2.
Leasing data as of September 30, 2010 (Recording Date)
3.
Permit data as of October 22, 2010
4.
Production and permit data are specific to the Eagle Ford shale reservoir, while leasing data includes all reservoirs within
the specified areas
5.
Horizontal length estimated by distance between surface and permitted bottom hole lat/longs
6.
IP’s calculated using maximum month of reported production, and converted to daily rate
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