Insight
New horizontal Jonah and Pinedale wells: dropping below the US$2.00/mcf breakeven threshold
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
After years of Rockies tight gas plays generally struggling to remain competitive with unconventional gas opportunities, operators in southwest Wyoming have found a bright spot in the Jonah and Pinedale fields. Several operators are actively exploring the horizontal potential of the Lance Pool. Recent wells have yielded noteworthy IP rates above 30 mmcfed. Associated EUR estimates are over 20 bcfe resulting in breakevens for these initial wells being below US$2.00/mcf and may even move lower because of continually falling costs. With metrics on par with northeast Pennsylvania Marcellus wells, this is certainly an area to keep an eye on.
Table of contents
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Introduction
- Rise and fall of southwest Wyoming
- An inflection point in activity
- New technology on old fields
- Well performance and de-risking
- Economic potential below US$2.00/mcf
- What to watch
Tables and charts
This report includes the following images and tables:
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Cost of supply: Greater Green River Basin vs. dominant unconventional gas playsHorizontal Lance spuds by fieldHorizontal permits by field
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2018 YTD horizontal permits by operatorAverage normalized IP rates for top performing gas sub-playsImpact of varied well costs and IP rates on Hz Lance economics
What's included
This report contains:
