Enverus Blog

Insights across the energy value chain

As noted in part 1 of this blog, I am taking this opportunity to look at the “other” operators in the Fayetteville Shale play and how they match up to the dominate operator, Seeco.  Petrohawk is next in line with its 2 subsidiaries, One Tec Operating and KCS Resources.  Petrohawk has 213 currently producing wells which pale in comparison to Seeco’s 1,162 or Chesapeake’s 491.

Fayetteville Runner-Ups: Petrohawk (Part 2 of 3)

In the first part of this series we looked at acreage, permits, well performance and production as indicators of success and activity in the play.  The following table allows us to easily see how each operator compares to the other top operators in the play.

Fayetteville Runner-Ups: Petrohawk (Part 2 of 3)

As we can see in the table, Petrohawk only hold about 18% of the acreage that Seeco currently holds and they have roughly a tenth of the number of granted permits.  Their average prac IP (2nd month production) is around 28% less than Seeco, with their average first 6-month cum 26% less.  We recognize there are a variety of reasons why Petrohawk’s and Seeco’s these values may be different like varying rock quality where they are drilling or Seeco being further along the learning curve in this play. Next we can look at the type curves to get an overall sense of the type curve across the basin keeping in mind that these type curves are not necessarily an indication of operator performance since the potential for amount that can be produced can vary across the play.

Fayetteville Runner-Ups: Petrohawk (Part 2 of 3)

That finishes up the top 3 operators in the Fayetteville.  In the last part of the series we will look at XTO, the number 4 operator in the play.

For more information visit Petrohawk, Chesapeake and Seeco’s DNA Unconventional Updates folders.

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Anne Leonard

In January 2015, Anne Leonard headed the team that launched the latest addition to DrillingInfo’s international publications, International Scout Frontier North America which covers the US Gulf of Mexico as well as Maritime and Arctic Canada. She has been reporting on exploration and production for more than 30 years. She began her career in Denver covering the Rocky Mountain Region, and has spent the last 10 years covering the international arena, with a particular focus on Latin America, Africa, Western Europe and the Far East. Anne received her Bachelor of Arts in Journalism from the University of Nebraska.