oilfield insights

Marcellus and Eagle Ford Well Highlights

Chesapeake Energy in Marcellus (2019-04-10)Chesapeake Appalachia completed new well Adams 2H in Wyoming, PennsylvaniaAdams 2H tested April 10 for 25,986 MMcf of gas over 24 hours. Adams 2H is reported to have a vertical depth of 7,788 ft and a measured depth of 16,944 ft. The 9,156 ft lateral is perforated from 8,025 ft to 16,809 ft with 34 stages. Frac, flowback, directional, and casing vendors are BJ Service, Falcon Flowback Services, Halliburton, and Pipeco Services.Southwestern Energy completes 85 stage well in MarcellusSouthwestern Energy completed a...

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New Well Highlights from Permian, Williston, Eagle Ford, and Haynesville

Shell completes 2 mile lateral in Permian (2019-01-31)Shell reported the completion of a new well on an 855 acre lease in Loving county, Texas.The Medora 29 LOV Unit 0805 1H was drilled to a vertical depth of 11,849 ft and a measured depth of 22,664 ft. It flowed 1,670 bbl of oil and 2,336 MMcf of gas over a 24 hour period  for a gas-oil ratio of 1398 February 7. Hydraulic fracturing and proppant is supplied by Keane with FTSI provided acid.Equinor Energy in Williston...

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Central Texas Frac Sand Mine Hours Drop 10%

In 2019, Texas will reach over 130 million tons of production per year (MMTPY) of frac sand nameplate capacity, of which 85% will come from Permian and Eagle Ford facilities, as new construction projects wind down and ramp to full utilization. Energent is closely monitoring regional operations in central and south Texas as mines shut down in the first half of 2019.Pioneer Natural Resources (NYSE: PXD) and Covia Holdings Corporation (NYSE: CVIA) reported future closures scheduled in the first...

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New Well Highlights from Permian, Williston, and Eagle Ford

EOG in Permian (2019-01-21) and (2019-01-29)EOG Resources reported two completions in the Permian basin in Lea, New Mexico.The Ares 4 State #202 H was drilled to a measured depth of 14,905 ft in the upper bone spring formation. Drilled to a vertical depth of 9,920 ft with a 21 stage 4,985 ft lateral length, the Ares is an oil well and flowed 1,580 bbl of oil with a gas-oil ratio of 2958 Kcf/bbl.The Heartthrob 17 State #708H flowed 2,532 bbl of oil and 5,538 MMcf...

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Evolution of Permian Pad Drilling: Cube Development and the Pad Complex in Drilling Factories

The U.S. land rigs have been increasing along with the WTI price since mid-2016. In 2018, the US active land rig count was up 17% from the previous year. Energent's Rig Insights page suggests that currently there are 1,013 rigs operating as of last week of February. On a basin-by-basin level, the drilling activity in the Williston increased by 36% Y-o-Y, while the Eagle Ford and MidCon increased by 26% and 20%, respectively.Multi-well pad drilling is more mature in...

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Well Highlights from Permian, Marcellus, Midcon and Eagle Ford

Calyx Energy completes multiple 2-mile laterals in MidCon (2019-01-17) (2019-01-18) (2019-01-21) Tulsa, Oklahoma based Calyx Energy reported three completions in McIntosh, Oklahoma in late January. The latest Schrute Farm wells are drilled in a different county than Calyx Energy usually operates; the majority of past Calyx Energy wells have been drilled in the Hughes, Okfuskee and Payne counties. Thus far, initial production rates in McIntosh are significantly lower than those in other counties.Schrute Farms 1-16-28CH produced 358 MMcf of gas. It...

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Well Highlights IP & BOE

Hess, EOG, Equinor, and Hunt Oil Complete New Unconventional Wells

Hess Corporation in Williston (2019-01-08) A Williston well was completed by Hess Corporation in Williams county, North Dakota. The SC-TR Slette-153-98-1819H-6 was drilled to a measured depth of 21,350 ft with perforations from 11,435 ft to 21,350 ft. It flowed 3,334 bbl of oil, 6,176 MMcf of gas, and 3,358 bbl of water on January 10. Propping agents, acid, iron control, acid inhibitors, and hydraulic horsepower are provided by Keane Group. EOG in Karnes County (2019-01-11) and (2019-01-13) EOG completed two wells in...

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Permian Jumps 15% in Horsepower Demand in Q4’19

Permian HHP demand is forecasted to trough in 1H’19, declining roughly 19% from the 2Q’18 peak to 5 million HHP before takeaway capacity comes online in 2H’19 and operators begin completing deferred activity. Active Permian crews are likely to decrease an additional 7% from Q4'18 levels, to match an 8% decline in HHP demand over the same period.Westwood estimates a 15% sequential increase in HHP demand from Q3’19 to Q4’19, with a 1% increase in active, or marketed, supply. Pressure...

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