CALGARY, Alberta (Feb. 6, 2024) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has recently released a report identifying the high-grade locations in the Eagle Ford where recoveries remain high despite denser development.
As acquisition deals continue to mount in West Texas’ Permian basin – $144 billion in the fourth quarter of 2023 – interest is turning to basins like the Eagle Ford, Haynesville, Barnett and others.
“The core of the Eagle Ford is the gift that keeps giving for operators with the best acreage,” said Dani von Bassenheim, report author and a research associate at EIR.
“While this area hosts the densest development in the play, recent tests demonstrate very economic redevelopment locations still exist even at tighter spacing than we previously modeled,” said von Bassenheim.
Key takeaways from the report:
- Despite significant development to date, energy companies drilling in the Eagle Ford’s Core can still achieve sub-$45/bbl breakeven at 20 or more wells per section.
- Operators generate greater returns by prioritizing dense development in the Core area, which includes Karnes, Dewitt and Gonzales counties, over pivoting to less-developed, lower-quality rock.
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About Enverus Intelligence Research
Enverus Intelligence ® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts; and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. EIR is registered with the U.S. Securities and Exchange Commission as a foreign investment adviser. Enverus is the most trusted, energy-dedicated SaaS platform, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 98% of U.S. energy producers, and more than 35,000 suppliers. Learn more at Enverus.com.
Media Contact: Jon Haubert | 303.396.5996