Eagle Ford Production

From Unknown to Oil Behemoth in Five Years

Eagle Ford production has grown from virtually 0 in 2008 to more than 1 million barrels of oil equivalent per day (boe/d) or 7 billion cubic feet equivalent (bcfe/d) per day.

Approximately 50% of production reported to the Texas Railroad Commission is consider oil, with an additional 12% reported as condensate. An estimated 38% of production is natural gas from both gas and oil wells.

Buy Maps: Detailed Maps of the Eagle Ford

Liquids production is likely higher than the numbers represented here. Both condensate and NGLs fall out or are processed out of production downstream of the wellhead. Production reported to the RRC is measured at the wellhead.

Eagle Ford Production

Eagle Ford Production | Click to Enlarge

The numbers drop off in the most recent month due to late reporting, but don’t expect growth to stop any time soon. More than 11,000 wells have been permitted in the play and as many as 100,000 wells could be drilled in the area before it’s all said and done.

Eagle Ford Oil Production

Eagle Ford Oil Production

Eagle Ford Oil Production | Click to Enlarge

Eagle Ford oil production grew from virtually nothing to more than half a million barrels per day at the end of 2012.

Growth isn’t expected to slow any time soon. Many analyst are predicting oil production will surpass 1 million barrels per day by the summer of 2014. The most aggressive forecasts have production nearing 2 million barrels per day after 2020.

Eagle Ford Natural Gas Production

Eagle Ford Natural Gas Production

Eagle Ford Natural Gas Production | Click to Enlarge

Eagle Ford natural gas production has grown to ~3 Bcf/d over the past few years and accounts for over 4% of US Lower 48 onshore supply.

That’s no small feat for an “oil play”. Approximately 40% of the natural gas produced can be attributed to wells targeting oil and liquids (yet still producing associated gas) and ~60% can be attributed to natural gas wells.

As stated in the statutes of the state of Texas, a well is defined as an “oil well” so long as the gas oil ratio (GOR) is less than 100 MCF/bbl, and defined as a “gas well” if the GOR is more than 100 MCF/bbl.

Interestingly enough, the play actually began (or was discovered) as a natural gas target. It produced significant volumes of wet gas and condensate in the “fairway”, but EOG and others later proved the oily portions of the play were more commercially attractive.

That’s the reason natural gas production begins to pick up about a year before oil production started to take off.

Use the comments below to share your thoughts and updates on Eagle Ford production.

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