We share production and performance findings from our latest analysis, breaking the play into nine distinct sub-play areas to pinpoint areas of future growth.
Production growth from the Eagle Ford is proving resilient to the slowdown, with sweet spots emerging across all active sub-play areas.
Our latest analysis reveals that its core areas still hold some of the most attractive oil and gas investment opportunities in the world, with companies increasing production beyond 2014 averages and active rigs yielding more.
Thanks to lower oil prices being moderated by improved recoveries, our forecasted crude/condensate production of two million barrels per day in 2020 is largely unchanged from our last update, although the largest phase of growth will be pushed out due to slower activity in the near-term.
Three core sub-plays (Karnes Trough, Edwards Condensate and Black Oil) account for around 75% of the play's remaining NPV10 and will be the source of much near-term growth as operators retrench to core areas.
Furthermore, while capex cuts have been drastic across the upstream landscape, the Eagle Ford remains the focus of North America tight oil development, attracting spend of around $20 billion in 2015.
Eagle Ford key play report [Subscription required]
Our Key Play reports offer a unique granular perspective down to the sub-play across Canada and the US Lower 48. They draw on the historic well-level data from our North America Well Analysis Tool to provide well performance, costs, economics and benchmarking analysis that will help to put you at the forefront of operations in the region.
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