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November 1, 2024
Eagle Ford oil full cycle costs at West Texas Intermediate (WTI) equivalent.
- 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.
See Also:
Permian Oil Full Cycle Costs
Denver-Julesburg (DJ) and Powder River Oil Full Cycle Costs
Uinta Oil Full Cycle Cost
Williston Oil Full Cycle Costs
Anadarko Oil Full Cycle Costs