August 2, 2021

Eagle Ford full-cycle costs at Henry Hub range from a low of 3.80 USD/Mcf for wells with an Initial Productivity (IP) greater than 12 MMcf/d to a high of 27.20 USD/Mcf for wells with an IP of under 2 MMcf/d. To help offset some of the full-cycle costs, there is significant liquids uplift providing 1.79 USD/Mcf in revenue.

Operating costs range from 1.05-1.25 USD/Mcf  while royalties & taxes and overhead represent about 0.72 USD/Mcf. F&D costs range from 1.24-17.30 USD/MMcf and the 15% producer return ranges from 0.54-7.61 USD/MMcf. The Henry Hub differential is 0.30 Mcf/d.