September 17, 2024
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.
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) |
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.