What is a Frac Holiday?

A frac holiday doesn't involve Kris Kringle
Frac Job Control Room

Control Room on a Frac Job | Click to Enlarge

You might have heard a few operators mention “frac holidays” during earnings season the past two quarters. Don’t worry, you’re not going to be flooded with discount emails and advertisements.

A “Frac Holiday” is a term used when an operator let’s its frac crews take time off for various reasons.

Oil and gas operations have hundreds of steps and processes. Companies attempt to plan best as possible, but one thing they don’t want is a bottle neck at the end of the line. If a company can’t complete a well,  it has a big investment and no revenue. For that purpose, a lot of companies work with excess frac’ing capacity. When crews get ahead of the drilling schedule, crews will be given time off to allow rigs to catch up.

EOG’s Best Eagle Ford Well Produces 6,500 boe/d – Ups Production Growth Outlook

The company will drop to 20 rigs running the remainder of the year after drilling time drops to 14 days
EOG Eagle Ford Shale Map

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EOG Resources’ Eagle Ford assets continue to deliver. The company brought on the largest producing well in the play to date in the second quarter. The Gonzales County Boothe Unit #10H came on line at 4,820 bpd of oil, 972 bpd of NGLs, and 4.5 mmcfd of natural gas. That’s more than 6,500 boe/d from one well. Better yet, the Boothe Unit #9H, an offset well in the same unit, produced over 4,600 boe/d when it came online.

Drilled from the same pad as the Boothe wells to minimize costs, the Dreyer Unit #19H and #20H were turned to sales at initial rates of 3,703 and 2,650 Bopd with 460 and 300 Bpd of NGLs and 2.1 and 1.4 MMcfd of natural gas, respectively. EOG has 100 percent working interest in these four wells.

Enterprise Expansions Add Marketing Options for EOG

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