Those dreaded words "held by production'  may mean better days for Eagleford Producers and Royalty Owners 10 years later

Why U.S. Oil and Gas Producers Aren’t Solving the Energy Crisis

https://www.wsj.com/articles/why-american-producers-arent-solving-e...

"...So why aren’t American oil and gas companies producing more barrels to help tamp down oil and gasoline prices during a global market shock when domestic inflation is rampant? The answer, as with everything that revolves around climate change, is complicated..."

Paul H. Tice and the WSJ do a great job here putting the politics of US Oil in perspective. Buried in the gory details you begin to see that the lower regulatory risk, known costs, more certain returns of a mature play may be the only direction E / P s can turn for the next few years. "Fill In" drilling on the more productive HBP leases in the Eagleford seem to fit this mold. 

What do you think?

Aggie '75

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Yes, but at the rate of 95 completions per year with 1750 premium locations, it may take another 18 years before EOG finishes ours. Would be nice to live to see it, but at least the next generation should.

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Longer vs shorter laterals

Posted by Chaz on May 3, 2019 at 1:30pm 0 Comments

This may have been discussed at length at some point on this forum so please forgive me if I'm repeating a question that may have been answered.

Six years ago CHK drilled wells with 5000ft laterals; recently they have come back and…

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