Paying for performance: Examining well cost versus productivity
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.
Table of contents
Background: Estimating well costs
Will spending more get you more?
Value over volume
Why is EOG so special?
Tables and charts
This report includes 10 images and tables including:
Figure 1. Major cost components
Figure 2. Bakken well cost estimate heat map
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)
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
This report contains:
Paying for performance: Examining well costs versus productivity