Are there really as many as 1,500 wells sitting idle until a completion crew arrives on the scene? Comments regarding the size of well backlogs is coming up more frequently. At Bentek’s Benposium a few weeks ago the comment was made that Marcellus production would grow through the end of the year even if operators stopped drilling. Wow.
We’re in a similar situation in the Eagle Ford. If you carry the trend forward, the play will be approaching 2,500 producing wells by the end of June 2012. Add a well backlog of 1,000-1,500 and you see why analyst are raving about production growth. Estimates of 1,100-1,200 are the most common, but we’ve seen 1,500 mentioned by the most bullish analyst. [Read more…]