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8 Pages

Paying for performance: Examining well cost versus productivity


Paying for performance: Examining well cost versus productivity

Report summary

Operators must constantly balance between cost and production performance when planning wells within a portfolio. Longer larerals, more fracture stages, increased water and proppant usage are all factors that have been show to enhance production, but also markedly increase well cost. This analysis takes a look at capital efficiency using recent well completions in the Eagle Ford. 

What's included?

This report includes 1 file(s)

  • Paying for performance: Examining well costs versus productivity PDF - 1.13 MB 8 Pages, 0 Tables, 10 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Background: Estimating well costs
  • Will spending more get you more?
  • Value over volume
  • Why is EOG so special?
  • Conclusion

In this report there are 10 tables or charts, including:

  • Background: Estimating well costs
    • Figure 1. Major cost components
    • Figure 2. Bakken well cost estimate heat map
  • Will spending more get you more?
    • Karnes Trough and Edwards Condensate sub-plays of the Eagle Ford
    • Well cost - Eagle Ford study area 2014-2015
    • Implied EUR and IP by operator
    • Well cost distribution (NAWAT)
  • Value over volume
    • Capital efficiency - IP
    • Capital efficiency - EUR
    • EOG leads the pack in capital efficiency over the initial six months
    • ...and in oil production per lateral foot
  • Why is EOG so special?
  • Conclusion
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