eagle ford shale study november 11, 2010. overview map eagle ford shale study – area overview
TRANSCRIPT
Eagle Ford Shale Study
November 11, 2010
Overview MapEagle Ford Shale Study – Area Overview
Total Historical Production Stacked by AreaEagle Ford Shale Study – Area Overview
0
50
100
150
200
250
300
350
400
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Tota
l Wel
lcou
nt
Dai
ly E
quiv
alen
t (M
cfe/
day)
Area 1 (South Texas) Daily Equivalent (Mcfe/day)
Area 2 (Gulf Coast Texas) Daily Equivalent (Mcfe/day)
Area 3 (Greater East Texas) Daily Equivalent (Mcfe/day)
Total Wellcount
Horizontal Well Production Stacked by AreaEagle Ford Shale Study – Area Overview
0
50
100
150
200
250
300
350
400
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
Jan
2007
Mar
200
7
May
200
7
Jul 2
007
Sep
2007
Nov
200
7
Jan
2008
Mar
200
8
May
200
8
Jul 2
008
Sep
2008
Nov
200
8
Jan
2009
Mar
200
9
May
200
9
Jul 2
009
Sep
2009
Nov
200
9
Jan
2010
Mar
201
0
May
201
0
Jul 2
010
Tota
l Wel
lcou
nt
Dai
ly E
quiv
alen
t (M
cfe/
day)
Area 1 (South Texas) Daily Equivalent (Mcfe/day)
Area 2 (Gulf Coast Texas) Daily Equivalent (Mcfe/day)
Area 3 (Greater East Texas) Daily Equivalent (Mcfe/day)
Total Wellcount
Area 1 (South Texas) Operator Ranking
*Notes: Above based on gross, operated data
Eagle Ford Shale Study – Area Overview
Rank OperatorActive Well
CountDaily Oil (bbl/day)
Daily Gas (Mcf/day)
Daily Equivalent (Mcfe/day) % of Total Cum %
Average Rate per Well
(Mcfe/day)
1 ANADARKO PETROLEUM CORPORATION 41 5,619 28,510 62,222 21% 21% 1,5182 ROSETTA RESOURCES INC. 15 2,953 43,620 61,335 21% 42% 4,0893 SM ENERGY COMPANY 28 1,474 39,291 48,135 16% 58% 1,7194 PETROHAWK ENERGY CORPORATION 29 1,216 39,700 46,993 16% 74% 1,6205 XTO ENERGY, INC. 4 502 12,502 15,516 5% 79% 3,8796 CHESAPEAKE ENERGY CORPORATION 8 1,514 5,087 14,169 5% 84% 1,7717 EL PASO CORPORATION 5 990 3,606 9,545 3% 87% 1,9098 TALISMAN ENERGY USA INC. 5 126 8,124 8,878 3% 90% 1,7769 EOG RESOURCES INCORPORATED 5 798 1,742 6,530 2% 92% 1,306
10 LEWIS PETRO PROPERTIES, INC. 6 6 6,463 6,501 2% 94% 1,08311 SWIFT ENERGY COMPANY 2 308 2,981 4,830 2% 96% 2,41512 ESCONDIDO RESOURCES II, LLC 1 0 4,483 4,483 2% 97% 4,48313 MURPHY OIL CORPORATION 5 0 3,318 3,318 1% 98% 66414 SAN ISIDRO DEVELOPMENT CO, L. C. 1 249 783 2,275 1% 99% 2,27515 REDEMPTION OIL & GAS, LLC 1 165 0 989 0% 100% 98916 CABOT OIL & GAS CORPORATION 1 87 40 562 0% 100% 56217 NEWFIELD EXPLORATION COMPANY 3 28 268 435 0% 100% 14518 MANTI EXPLORATION OPERATING LLC 1 31 0 185 0% 100% 18519 ESPADA OPERATING LLC 1 6 0 37 0% 100% 3720 EDDY A. STACHA 1 1 0 4 0% 100% 4
Area 2 (Gulf Coast Texas) Operator Ranking
*Notes: Above based on gross, operated data
Eagle Ford Shale Study – Area Overview
Rank OperatorActive
Well CountDaily Oil (bbl/day)
Daily Gas (Mcf/day)
Daily Equivalent (Mcfe/day) % of Total Cum %
Average Rate per Well
(Mcfe/day)
1 PIONEER NATURAL RESOURCES COMPANY 9 1,055 14,749 21,079 26% 26% 2,3422 GEOSOUTHERN ENERGY CORPORATION 5 1,671 7,706 17,729 22% 47% 3,5463 EOG RESOURCES INCORPORATED 13 2,384 2,395 16,701 20% 67% 1,2854 CONOCOPHILLIPS COMPANY 1 689 3,417 7,549 9% 77% 7,5495 ENDURING RESOURCES, LLC 2 298 4,264 6,051 7% 84% 3,0256 DAN A. HUGHES COMPANY, L.P. 3 678 939 5,005 6% 90% 1,6687 RILEY EXPLORATION, LLC 2 676 722 4,778 6% 96% 2,3898 APACHE CORPORATION 26 207 204 1,443 2% 98% 569 MODERN EXPLORATION, INC. 1 168 0 1,007 1% 99% 1,007
10 CLAYTON ENERGY WILLIAMS, INC. 2 155 0 931 1% 100% 46511 EXPLORATION TECHNIQUES, INC. 1 5 0 28 0% 100% 2812 TDC ENGINEERING, INC. 1 2 0 11 0% 100% 1113 XTO ENERGY, INC. 1 1 0 7 0% 100% 7
Area 1 (South Texas) Operators by Drill Type
*Notes: Above based on gross, operated data
Eagle Ford Shale Study – Area Overview
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
Dai
ly E
quiv
alen
t (M
cfe/
day)
Horizontal (Mcfe/day)
Vertical (Mcfe/day)
Area 2 – Gulf Coast Texas Operators by Drill Type
*Notes: Above based on gross, operated data
Eagle Ford Shale Study – Area Overview
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
Dai
ly E
quiv
alen
t (M
cfe/
day)
Vertical (Mcfe/day)
Horizontal (Mcfe/day)
Area 1 – South Texas Type Curve Comparison by Drill TypeEagle Ford Shale Study – Area Overview
1
10
100
1,000
10,000
Year
0
Year
1
Year
2
Year
3
Year
4
Year
5
Year
6
Year
7
Year
8
Year
9
Dai
ly E
quiv
alen
t (M
cfe/
day)
Horizontal Wells - Drilled Since 2006 (Mcfe/day)
Vertical Wells (Mcfe/day)
Area 2 – Gulf Coast Texas Type Curve Comparison by Drill TypeEagle Ford Shale Study – Area Overview
1
10
100
1,000
10,000
Year
0
Year
1
Year
2
Year
3
Year
4
Year
5
Year
6
Year
7
Year
8
Year
9
Dai
ly E
quiv
alen
t (M
cfe/
day)
Horizontal Wells - Drilled Since 2006 (Mcfe/day)
Vertical Wells (Mcfe/day)
Area 1 – South Texas Type Curve for Horizontal Wells Drilled Since 2006Eagle Ford Shale Study – Area Overview
1
10
100
1,000
10,000
Mon
th 0
Mon
th 1
Mon
th 2
Mon
th 3
Mon
th 4
Mon
th 5
Mon
th 6
Mon
th 7
Mon
th 8
Mon
th 9
Mon
th 1
0
Mon
th 1
1
Mon
th 1
2
Mon
th 1
3
Mon
th 1
4
Mon
th 1
5
Mon
th 1
6
Mon
th 1
7
Mon
th 1
8
Mon
th 1
9
Mon
th 2
0
Mon
th 2
1
Mon
th 2
2
Mon
th 2
3
Dai
ly R
ate
and
Wel
lcou
ntDaily Oil (bbl/day)
Daily Gas (Mcf/day)
Number of Wells Influencing the Curve
Area 2 – Gulf Coast Texas Type Curve for Horizontal Wells Drilled Since 2006Eagle Ford Shale Study – Area Overview
1
10
100
1,000
10,000
Mon
th 0
Mon
th 1
Mon
th 2
Mon
th 3
Mon
th 4
Mon
th 5
Mon
th 6
Mon
th 7
Mon
th 8
Mon
th 9
Mon
th 1
0
Mon
th 1
1
Mon
th 1
2
Mon
th 1
3
Mon
th 1
4
Mon
th 1
5
Mon
th 1
6
Mon
th 1
7
Mon
th 1
8
Mon
th 1
9
Mon
th 2
0
Mon
th 2
1
Mon
th 2
2
Mon
th 2
3
Dai
ly R
ate
and
Wel
lcou
ntDaily Oil (bbl/day)
Daily Gas (Mcf/day)
Number of Wells Influencing the Curve
Area 1 – South Texas Horizontal Production Stacked by VintageEagle Ford Shale Study – Area Overview
0
50
100
150
200
250
300
0
50,000
100,000
150,000
200,000
250,000
300,000
Jan
2007
Mar
200
7
May
200
7
Jul 2
007
Sep
2007
Nov
200
7
Jan
2008
Mar
200
8
May
200
8
Jul 2
008
Sep
2008
Nov
200
8
Jan
2009
Mar
200
9
May
200
9
Jul 2
009
Sep
2009
Nov
200
9
Jan
2010
Mar
201
0
May
201
0
Jul 2
010
Wel
lcou
nt
Dai
ly E
quiv
alen
t (M
cfe/
day)
2010 - Daily Equivalent (Mcfe/day)2009 - Daily Equivalent (Mcfe/day)2008 - Daily Equivalent (Mcfe/day)2007 - Daily Equivalent (Mcfe/day)2000-2006 - Daily Equivalent (Mcfe/day)Total Wellcount
Area 2 – Gulf Coast Texas Horizontal Production Stacked by VintageEagle Ford Shale Study – Area Overview
0
50
100
150
200
250
300
0
50,000
100,000
150,000
200,000
250,000
300,000
Jan
2007
Mar
200
7
May
200
7
Jul 2
007
Sep
2007
Nov
200
7
Jan
2008
Mar
200
8
May
200
8
Jul 2
008
Sep
2008
Nov
200
8
Jan
2009
Mar
200
9
May
200
9
Jul 2
009
Sep
2009
Nov
200
9
Jan
2010
Mar
201
0
May
201
0
Jul 2
010
Wel
lcou
nt
Dai
ly E
quiv
alen
t (M
cfe/
day)
2010 - Daily Equivalent (Mcfe/day)2009 - Daily Equivalent (Mcfe/day)2008 - Daily Equivalent (Mcfe/day)2007 - Daily Equivalent (Mcfe/day)2000-2006 - Daily Equivalent (Mcfe/day)Total Wellcount
Production Stacked by OperatorEagle Ford Shale Study – A Closer Look at South Texas
*Notes: Above based on gross, operated data
0
50
100
150
200
250
300
0
50,000
100,000
150,000
200,000
250,000
300,000
Jan
2008
Feb
2008
Mar
200
8
Apr
200
8
May
200
8
Jun
2008
Jul 2
008
Aug
200
8
Sep
2008
Oct
200
8
Nov
200
8
Dec
200
8
Jan
2009
Feb
2009
Mar
200
9
Apr
200
9
May
200
9
Jun
2009
Jul 2
009
Aug
200
9
Sep
2009
Oct
200
9
Nov
200
9
Dec
200
9
Jan
2010
Feb
2010
Mar
201
0
Apr
201
0
May
201
0
Jun
2010
Jul 2
010
Aug
201
0
Tota
l Wel
lcou
nt
Dai
ly E
quiv
alen
t (M
cfe/
day)
EL PASO CORPORATION
CHESAPEAKE ENERGY CORPORATION
XTO ENERGY, INC.
PETROHAWK ENERGY CORPORATION
SM ENERGY COMPANY
ROSETTA RESOURCES INC.
ANADARKO PETROLEUM CORPORATION
All Other Operators - Daily Equivalent (Mcfe/day)
Total Wellcount
Type Curve Comparison by Operator
*Notes: Above based on gross, operated data
Eagle Ford Shale Study – A Closer Look at South Texas
1
10
100
1,000
10,000
Mon
th 1
Mon
th 2
Mon
th 3
Mon
th 4
Mon
th 5
Mon
th 6
Mon
th 7
Mon
th 8
Mon
th 9
Mon
th 1
0
Mon
th 1
1
Mon
th 1
2
Mon
th 1
3
Mon
th 1
4
Mon
th 1
5
Mon
th 1
6
Mon
th 1
7
Mon
th 1
8
Mon
th 1
9
Mon
th 2
0
Mon
th 2
1
Mon
th 2
2
Mon
th 2
3
Mon
th 2
4
Dai
ly E
quiv
alen
t (M
cfe/
day)
ANADARKO PETROLEUM CORPORATION
ROSETTA RESOURCES INC.
SM ENERGY COMPANY
PETROHAWK ENERGY CORPORATION
XTO ENERGY, INC.
CHESAPEAKE ENERGY CORPORATION
EL PASO CORPORATION
INDUSTRY AVERAGE
Cumulative Production by Operator by Drill Type
*Notes: Above based on gross, operated data
Eagle Ford Shale Study – A Closer Look at South Texas
0
5,000
10,000
15,000
20,000
25,000
Cum
ulati
ve E
quiv
alen
t Pr
oduc
tion
(M
Mcf
e)
Vertical Equivalent Cum (MMcfe)
Horizontal Equivalent Cum (MMcfe)
Cumulative Production by Operator by Product
*Notes: Above based on gross, operated data
Eagle Ford Shale Study – A Closer Look at South Texas
0
5,000
10,000
15,000
20,000
25,000
Cum
ulati
ve E
quiv
alen
t Pr
oduc
tion
(M
Mcf
e)
Cumulative Oil (In Terms of Gas - MMcfe)
Cumulative Gas (MMcf)
IP AnalysisEagle Ford Shale Study – A Closer Look at South Texas
0
2,000
4,000
6,000
8,000
10,000
12,000
Equi
vale
nt I
P (M
cfe/
day)
IP Analysis - IP vs. Horizontal Length (feet) by VintageEagle Ford Shale Study – A Closer Look at South Texas
0
2,000
4,000
6,000
8,000
10,000
12,000
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000
(Equ
ival
ent
IP (M
cfe/
day)
Horizontal Length (feet)
2000-2007
2008
2009
2010
IP Analysis by ProductEagle Ford Shale Study – A Closer Look at South Texas
0
2,000
4,000
6,000
8,000
10,000
12,000
(Equ
ival
ent
IP (M
cfe/
day)
Oil Wells (40% or more oil by Equivalent Cum)
Gas Wells (60% or more gas by Equivalent Cum)
IP Analysis by Operator
*Notes: Above based on gross, operated data
Eagle Ford Shale Study – A Closer Look at South Texas
0
2,000
4,000
6,000
8,000
10,000
12,000
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000
(Equ
ival
ent
IP (M
cfe/
day)
Horizontal Length (feet)
ANADARKO PETROLEUM CORPORATION
CABOT OIL & GAS CORPORATION
CHESAPEAKE ENERGY CORPORATION
CORNERSTONE E & P COMPANY, LP
EL PASO CORPORATION
EOG RESOURCES INCORPORATED
ESCONDIDO RESOURCES II, LLC
ESPADA OPERATING LLC
LEWIS PETRO PROPERTIES, INC.
MURPHY OIL CORPORATION
NEWFIELD EXPLORATION COMPANY
PETROHAWK ENERGY CORPORATION
REDEMPTION OIL & GAS, LLC
ROSETTA RESOURCES INC.
SAN ISIDRO DEVELOPMENT CO, L. C.
SM ENERGY COMPANY
SWIFT ENERGY COMPANY
TALISMAN ENERGY USA INC.
XTO ENERGY, INC.
Gross Acreage Leased by YearEagle Ford Shale Study – A Closer Look at South Texas
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
Jan
2007
Feb
2007
Mar
200
7A
pr 2
007
May
200
7Ju
n 20
07Ju
l 200
7A
ug 2
007
Sep
2007
Oct
200
7N
ov 2
007
Dec
200
7Ja
n 20
08Fe
b 20
08M
ar 2
008
Apr
200
8M
ay 2
008
Jun
2008
Jul 2
008
Aug
200
8Se
p 20
08O
ct 2
008
Nov
200
8D
ec 2
008
Jan
2009
Feb
2009
Mar
200
9A
pr 2
009
May
200
9Ju
n 20
09Ju
l 200
9A
ug 2
009
Sep
2009
Oct
200
9N
ov 2
009
Dec
200
9Ja
n 20
10Fe
b 20
10M
ar 2
010
Apr
201
0M
ay 2
010
Jun
2010
Jul 2
010
Aug
201
0Se
p 20
10O
ct 2
010
Nov
201
0
Gro
ss A
crea
ge (
Thou
sand
s of
Acr
es)
2010
2009
2008
2007
Permits Issued by Drill Type Since 2000Eagle Ford Shale Study – A Closer Look at South Texas
0
100
200
300
400
500
600
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
No.
of P
erm
its
Issu
ed
Vertical
Horizontal
Active Permits by Operator by Drill Type Since 2008Eagle Ford Shale Study – A Closer Look at South Texas
0
10
20
30
40
50
60
70
80
CHES
APE
AKE
OPE
RATI
NG
AN
AD
ARK
O E
&P
CO. L
P
LEW
IS P
ETRO
PRO
PERT
IES
PETR
OH
AW
K O
PERA
TIN
G C
O.
ROSE
TTA
RES
OU
RCES
SWIF
T EN
ERG
Y O
PERA
TIN
G
SM E
NER
GY
CO.
EL P
ASO
E &
P C
O.,
L. P
.
EOG
RES
OU
RCES
ESCO
ND
IDO
RES
OU
RCES
II
CARR
IZO
OIL
& G
AS
NEW
FIEL
D E
XPLO
RATI
ON
CO
.
TEXA
S A
MER
ICA
N R
ESO
URC
ES
XTO
EN
ERG
Y IN
C.
MU
RPH
Y EX
PL. &
PRO
D. C
O.
SAN
ISID
RO D
EVEL
OPM
ENT
CO.
LARE
DO
EN
ERG
Y
RILE
Y EX
PLO
RATI
ON
, LL
C
SHEL
L W
ESTE
RN E
&P
END
URI
NG
RES
OU
RCES
, LL
C
GO
OD
RICH
PET
ROLE
UM
CO
.
MA
TAD
OR
PRO
DU
CTIO
N C
O.
TALI
SMA
N E
NER
GY
USA
INC.
AU
RORA
RES
OU
RCES
CO
RP.
CABO
T O
IL &
GA
S CO
RP.
CHEY
ENN
E PE
TRO
LEU
M C
O.
COM
STO
CK O
IL &
GA
S, L
P
ESPA
DA
OPE
RATI
NG
LLC
EXXO
N M
OBI
L CO
RP.
TID
AL
PETR
OLE
UM
CASK
IDS
OPE
RATI
NG
CO
.
COM
MO
N R
ESO
URC
ES L
.L.C
.
HU
NT
OIL
CO
.
LMP
PETR
OLE
UM
MCD
AY
ENER
GY
CORP
.
No.
of P
erm
its
Issu
edVertical
Horizontal
Data sources:HPDI.Com
DrillingInfo.Com
Notes:
1. Production data as of August 31, 2010
2. Leasing data as of September 30, 2010 (Recording Date)
3. Permit data as of October 22, 2010
4. Production and permit data are specific to the Eagle Ford shale reservoir, while leasing data includes all reservoirs within the specified areas
5. Horizontal length estimated by distance between surface and permitted bottom hole lat/longs
6. IP’s calculated using maximum month of reported production, and converted to daily rate
Eagle Ford Shale Study