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Paying for performance: Examining well cost versus productivity

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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?
  • Conclusion

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

What's included

This report contains:

  • Document

    Paying for performance: Examining well costs versus productivity

    PDF 1.13 MB