Well, numbers don't lie, they also don't tell the truth, they are all just subject to your interpretation.
(See following table.)
Where is it all going? Only Time, Politics, and the Current World Situation will tell, but I bet there are a lot of folks on this site that have meaningful information and insightful opinions.
Let share what we know and what we think, is it Farewell or Reunion Tour?
|Select Rig Counts as a % of …|
|Texas as a % of||US Total||48.27%|
|Eagle ford as a % of||US Total||8.45%|
|Karnes County as a % of||US Total||2.11%|
|Eagle Ford Total||25.00%|
|Rotary Rig Count||3/11/2022|
|This Week||+/-||Last Week||+/-||Year Ago|
|United States Total||663||13||650||261||402|
|Major State Total|
|Major Basin Total|
|Top 3 of 19 Eagleford Counties|
|Eagle Ford Shale Rig Count|
|(as of 03/14/2022)|
|Showing Top 3 of 19 Eagleford Counties|
|Eagle Ford Shale||Active Rigs||Oil||Gas||Oil & Gas||Horizontal||Vertical||Footage||Share|
Thanks, Mark. Good info, as usual, and encouraging, moreover.
A couple of other interesting updip wells in Atascosa County, having been drilled in 2011.
Aniol Unit Lease No. 16374. Operated by Recoil Resources since January 2022. 7968 ft. deep
Farnik Unit Lease No. 15892. Operated by Recoil since January 2022. 7733 ft. deep.
Looks like acreage acquired by Recoil for new drilling (longer allocation unit wells?) and possible recompletion of the above listed wells.
Both were drilled by Burnett Oil Co. in 2011
Both have been owned by a series of small operators until acreage acquired by Recoil, evidently in late 2021/early 2022. My info from Production Query TxRRX.
Thanks for that info - Burnett Oil was never known as being a great Hz / Unconventional play driller and completion company. There wells seemed to have had a long litany of issues and problems.
2011 completions in Gen 1 to 1A category - I am sure that Recoil / Cusack has some improved ideas tied to how to optimize exploitation in this area.
Out of curiosity, I looked at these two wells. Some strange things going on here. The oil API for these two laterals ranges from 28 to 32 - over a distance of one mile. More importantly, GOR is very low in both laterals - so minimal reservoir energy in a black (and relatively heavy) oil system. Hard to produce much from that type of rock.
Quick look seems to point to Burnett using sliding sleeve frac approach on these two wells. Less expensive but less effective approach to stimulation.
1 to 2 miles to the SW on strike, there is another EF lateral that has good oil API (35) and very good GOR.
Changes like this normally don't happen along strike in offsetting well areas.
Devil in the details here - lateral landing zone and ultra-aggressive frac's with ESP's to unload max fluids post frac probably part of Recoil recipe.