Re: Draining the storage glut
Posted: Tue 31 Oct 2017, 13:52:01
Sub - So true about irregular distribution. Of the 12 highest initial production rates in the EFS 11 were in just 2 counties:
https://www.ugcenter.com/updated-top-12 ... ord-579416
And in general during the peak in activity in 2012: "The Eagle Ford Shale reaches across 25 Texas counties. But more than 60 percent — 141 of the play's 227 drilling rigs — are operating in five counties: La Salle, Karnes, McMullen, Gonzales and DeWitt."
And of those 25 counties just 6 have produced 80% of the total EFS oil and only 3 account to 50%. Needless to say there's a lot of undrilled acreage left in the 8 counties that have each produced less the 5 million bbls. And not many drill sites left it Karnes Co that has recovered more then any other "sweet spot"...330 million bbls.
The EFS trend is no different then any other trend developed in the world: the well distribution is far from even. The sweet spots get developed during both high and low price periods. The poorer areas only during high price periods...often to the disappointment of the investors.
https://www.ugcenter.com/updated-top-12 ... ord-579416
And in general during the peak in activity in 2012: "The Eagle Ford Shale reaches across 25 Texas counties. But more than 60 percent — 141 of the play's 227 drilling rigs — are operating in five counties: La Salle, Karnes, McMullen, Gonzales and DeWitt."
And of those 25 counties just 6 have produced 80% of the total EFS oil and only 3 account to 50%. Needless to say there's a lot of undrilled acreage left in the 8 counties that have each produced less the 5 million bbls. And not many drill sites left it Karnes Co that has recovered more then any other "sweet spot"...330 million bbls.
The EFS trend is no different then any other trend developed in the world: the well distribution is far from even. The sweet spots get developed during both high and low price periods. The poorer areas only during high price periods...often to the disappointment of the investors.