oilfield insights

Ask-the-Analyst April 2019

Tuesday 4/30Ask-the-Analyst: Todd Bush, Boyd Skelton, and Luke Smith. What would an acquisition of Anadarko Petroleum Corporation by Oxy or Chevron look like for the #Permian basin? #OilandGas #Energy #shaleIf either Oxy or Chevron acquired Anadarko Petroleum Corporation, they would become the second largest proppant user in the Permian basin (based on 2018 data). Pioneer Natural Resources Company would still remain the largest user by 1 billion pounds, but Oxy would become the largest operator by number of fracs.Thursday 4/25Ask-the-Analyst: Todd Bush,...

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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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Ask-the-Analyst March 2019

Thursday 3/28Ask-the-Analyst: Todd Bush, Boyd Skelton, and Jonathon Clark. Do you know how many fracs have occurred in the Eagle Ford since the start of 2017? Also, how much proppant was consumed during that time? Find out tomorrow. #OilandGas #Energy #eagleford #shaleNumber of fracs in the Eagle Ford basin up 4% in 2018 compared to 2017. Proppant consumption also increased by 17% during time same time period as operators used more than 24 million tons of frac sand. Tuesday 3/26Ask-the-Analyst: Todd Bush,...

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Ask-the-Analyst February 2019

Thursday 2/28Ask-the-Analyst: Todd Bush, Boyd Skelton, and Jonathon Clark. Which frac sand mines are likely to close their doors in 2019 due to an increase in in-basin supply? #OilandGas #Energy #shale #fracsandEnergent will be closely monitoring Texas regional mines in McCulloch and Mason counties, as companies like Pioneer Natural Resources and Covia Holdings Corporation begin shutting down operations this quarter in Brady and Voca, Texas. For a detailed report, please visit our website http://energentgroup.comTuesday 2/26Ask-the-Analyst: Todd Bush, Boyd Skelton, and Tyler Webb....

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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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