The discovery of the Hawkville Field in October 2008 kicked off a drilling and development boom the likes of which South Texas had not seen before. The discovery well—the STS-241 #1H, drilled by Petrohawk Energy Corp. in LaSalle County—would be the first of many horizontal wells in the Eagle Ford Shale play. In the 11 years since that initial discovery, the play is now considered one of the most mature unconventional plays, with more than 25,000 horizontal wells spudded, according to Drillinginfo.
In an exclusive report provided to E&P, Drillinginfo projects a 4% increase in production guidance from the Eagle Ford, forecasting third-quarter 2019 oil and gas production of 1.43 MMbbl/d and 194 MMcm/d (6.87 Bcf/d), respectively. For year-end 2020, oil and gas projected production is 1.49 MMbbl/d and 193 MMcm/d (6.82 Bcf/d), according to the report.
Output at every formation is expected to fall in October, except the Permian Basin of Texas and New Mexico.
Compelling returns at $50 WTI portend bright supply picture.
The Scoop and Stack plays are still in the money but only with improved well spacing and effective management of frac-driven interactions.