Enverus Blog

Insights across the energy value chain

If you have any interest in the many unconventional plays taking place throughout the country, but don’t read the Unconventional Reservoir Blog, you’re really missing out. It’s put together by our very own DI Analytics team. They do a great job of mining the data throughout each play and bringing you extremely valuable information at a great price – FREE.

Here’s a quick look at 5 plays the DI Analytics team discussed in September:

    1. Bakken: Apache is making its way into Daniels County, Montana. They are the first of a handful of operators looking to develop the region. After acquiring 300,000 net acres, the company has over 1,900 play locations and 1 billion barrels of oil in potential resource. The nice thing about Daniels County is that it offers multiple-stacked oil plays, much like the Anadarko Basin in Western Oklahoma and the Texas panhandle where they have 1 million net acres. Between lower drilling costs and the shallower depth of the Middle Bakken, Apache is hoping to see a very strong rate of return in the region.
      Click here to read the full article.

 

    1. Permian: Perth, Australia based E&P company Target Energy is reporting strong oil flow from their Darwin #1 well in Howard County. The well was perforated in the Devonian-aged Fusselman and flowed at 240 Barrels of Oil Per Day (bopd). The company’s wireline log analysis indicates numerous oil shows throughout this portion of the Midland Basin. This means will continue the trend of drilling deep into the Wolfberry. While they are aiming for 140 Million Barrels of Oil Equivalent (MBOE), there is a potential for another 80 MBOE by perforating the Fusselman.
      Click here to read the full article.

 

    1. Tuscaloosa: Encana is leading the way in the Tuscaloosa Marine Shale (TMS) with 355,000 net acres in Louisiana and Mississippi. The company has rolled out a multi-faceted strategy with its “Resource Play Hub” (RPH) playing a pivotal role. In the RPH, several horizontal wells are simultaneously drilled, completed, tied in and produced for one well pad. Additionally, the company is employing longer laterals, enhanced completion design, restricted flow rates, data sharing and Joint Ventures to get the most out of its acreage in the play.
      Click here to read the full article.

This Month in Unconventionals

    1. Eagle Ford: Escondido Resources’ Spohn Ranch 1H well became the highest producing natural gas well in the Eagle Ford to date. Its Initial Production (IP) came in at 16 Million Cubic Feet per Day (MMcf/d) with about 400 MMcf of dry gas in the first 30 days. The well speaks to th company’s strategy to grow through low-risk development and exploit higher-risk opportunities on existing properties. Escondido’s CEO, Bill Deupree, indicated the company is looking to expand eastward into the oiler parts of La Salle and McMullen counties.
      Click here to read the full article.

This Month in Unconventionals

    1. Marcellus: Chesapeake, Swepi LP (Shell), Range, CNX (CONSOL), and Anadarko currently sit atop the permitting list for the Marcellus Shale. However, by far the two biggest players are Chesapeake and Range who hold 1.8 million and just over 1 million net acres, respectively. CNX has decided to focus on 100% National Resources Inventory (NRI) acreage, while Anadarko holds 260,000 net acres in central Pennsylvania. Between consistently-low gas prices and battles between the industry and environmentalists, it’s no surprise the area has seen a decrease in rigs and capital expenditures. However, the activity has been a boon for the local economy of Pennsylvania, especially the local government. The Pennsylvania Public Utility Commission (PUC) has now received $197.6 million in fees and $205.9 million in assessments to develop the area.
      Click here to read the full article.

This Month in Unconventionals

That covers things for This Month in Unconventionals.
Now it’s your turn. What do you think is the best unconventional play happening today? Leave a comment below.

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Matt Menchaca

Matthew Menchaca is a Research Analyst at Drillinginfo. He is a key member of the Data Management Department and the DI Analytics group. He performs industry research, tracks play development and provides various types of analysis on unconventional resource plays in the U.S. Matthew graduated from the University of Texas at Austin in 2010 after studying Geography and Geological Sciences.