Insight
Delaware bench strength: it’s time for the B to play ball
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The economic gap between the Wolfcamp A and B is narrowing. Breakevens have fallen by 16 percent across the Delaware this year. The gap between the Wolfcamp A and B was US$10/bbl then, but breakeven differences between zones is only US$4/bbl today. Converging well productivity challenges the old hierarchy. Productivity in the Wolfcamp A has fallen due to aggressive downspacing. Conversely, Wolfcamp B productivity has increased as a result of completion optimization and longer laterals. EUR gaps between zones on some leases are almost indistinguishable. Gas from the B bench is boosting volumes. The improved Wolfcamp B productivity metrics are primarily driven by increasing gas volumes. This is what’s allowing A wells to keep a slight economic edge.
Table of contents
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Executive Summary
- What performance gap?
- Capital costs
- Well performance
- Too much of a good thing?
- Performance bump for the taking
Tables and charts
This report includes the following images and tables:
- Delaware Wolfcamp breakevens by sub-play and bench
- Breakeven waterfall: Northern Reeves county Wolfcamp A
- EUR change since November 2018 Western Frontier Eddy Wolfcamp B
- 12-month Waha and Henry Hub price outlook
What's included
This report contains:
