September 17, 2024

East Texas crude oil production forecast to 2040 (MBbl/d).

East Texas Oil Production

• Texas–Louisiana coast is a conventional basin with declining production.
• Production peaked in 2015 at 20 Mbbl/d. In 2023 only 6 wells were drilled down from 67 wells in 2014.
• Production in 2023 was 5 Mbbl/d.
• Average new well EUR in 2014-2023 was 220 MBbl.
• The basin reach maximum new well average initial productivity in 2022 – 512 Bbl/d.
• Incorrys does not expect any significant drilling in this basin during the forecast period.

Oil Well Locations and Drilling

Texas-Louisiana Coast wells drilled 2000-2023

2020-2023	Average Lateral Length	1,650 ft
2020-2023	Average Total Well Depth	9,700 ft

Location: Southern Texas and Louisiana Number of oil wells drilled since 2010: ~ 400 Average New Well Initial Productivity in 2022: 500 Bbl/d Peak Production: 2015 (~20 MBbl/d)

See Also:
Initial Productivity (IP) of Major US Oil Basins 2023
Estimated Ultimate Recovery (EUR) of Major US Oil Basins 2023
Well Depth of Major US Oil Basins 2020-2023