November 1, 2024
Eagle Ford oil full-cycle costs at West Texas Intermediate (WTI) equivalent range from a low of USD $44.58/Bbl for wells with an Initial Productivity (IP) greater than 1800 Bbl/d to a high of USD $185.82/Bbl for wells with an IP of under 300 Bbl/d. Average Operating costs USD $10.85/Bbl while royalties & taxes and overhead are USD $24.07/Bbl. F&D costs range from USD $6.21-$76.64/Bbl and the 15% producer return ranges from USD $6.25-$77.06/Bbl. The assumed WTI differential is USD $ -2.80/Bbl.
Full Cycle Cost Curve
Incorrys analysis shows that there is 12,000 MMBbl of oil resource available below USD $50/Bbl and 17,000 MMBbl available below USD $60/Bbl. Current production (2023) was almost 1,160 MBbl/d (423 MMBbl/yr).
Eagle Ford Basin Location
Eagle Ford basin is located in Texas.
Number of Drilling Locations
Incorrys estimates that Eagle Ford has almost 41,000 drilling locations with initial productivity above 300 Bbl/d and just over 14,000 drilling locations with initial productivity below 300 Bbl/d.