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:

US Oil and Lease Condensate Production Forecast to 2040
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