August 10, 2021
Eagle Ford oil full-cycle costs at West Texas Intermediate (WTI) range from a low of 36.50 USD/Bbl for wells with an Initial Productivity (IP) greater than 1000 Bbl/d to a high of 160.00 USD/bbl for wells with an IP of under 200 Bbl/d.
Operating costs range from 9.00-10.50 USD/bbl while royalties & taxes and overhead represent about 18.50 USD/bbl. F&D costs range from 6.50-80.00 USD/bbl and the 15% producer return ranges from 4.00-51.00 USD/bbl. The WTI differential is at a discount of -1.45 USD/bbl.
Full-Cycle Cost Curve
This chart shows the Eagle Ford oil full-cycle cost curve at West Texas Intermediate (WTI). Incorrys analysis shows that there is 1.6 B Bbl (billions of barrels) of oil resource available at below 50 USD/Bbl and an additional 1.6 B Bbl at 70 USD/Bbl.