EAGLE FORD (REFRAC) STUDY

Energy Advisors Group has released a Special Supplement ReFrac Report focused on horizontal wells in the Eagle Ford as an addition to our Original South Texas Regional Report issued Summer 2023.

Energy Advisors Group has over 35 years of experience assisting clients navigate the marketplace to maximize their portfolios as advisors on both the sell and buy side. Energy Advisors also provides consulting services including asset management and optimization.

This Report evaluates the performance of 430 Eagle Ford ReFrac/Recompletions which represent less than 2% of all Eagle Ford wells drilled from the 33 operators in the data set spanning from 2012 to 2023. On average 60% of ReFracs are estimated to have payback in <12 months.

ConocoPhillips is the clear leader with over 90% of their ReFracs achieving payback in <12 months.

This report provides valuable statistics by Operator, Result, Geology and Date and takeaways including:

• What makes a good ReFrac candidate?
• Best Practices
• Modern Completion Styles;
• Good vs. Bad analysis for Fluid Intensity and Proppant Loading;
• Maps showing all Eagle Ford ReFrac activity classified by Result, GeoQuality, and Time

Additionally, Case Studies are detailed for thee active companies:

• ConocoPhillips - 84 ReFracs, 77 classified as good
• Devon - 94 ReFrac, 74 classified as good
• Marathon - 44 ReFracs, 21 classified as good
• Quick Understanding of Key Driver of COP purchase of MRO

Key Takeaways:

1. Like New. “A proper ReFrac is highly competitive to new wells without needs for more downspacing or drilling capex.” 
2. Market Leader. "ConocoPhillips has done 84 ReFrac's (20% of all ReFracs) with 90% getting paybacks in <12 months "
3. Room to Run! “Less than 2% of Eagle Ford wells in the study group have been ReFrac’d leaving material upside to legacy HZ PDP wells.”
4. Inventory! "ConocoPhillips' Eagle Ford ReFrac history PRIOR to its buy of Marathon saw a 60% uplift in EUR at a cost of 65% of new drills and breakeven's of $35 oil.”
5. Latest Best Tech. "ReFrac with isolated Frac stages and tight cluster spacing of 15' or a maximum of 25' to avoid interference/erosion of producing interval.”

#1---

Here is the Critical Data Universe and Quick Takeaways

#2---

Here is a Map and More Takeaways across 430 ReFracs

#3---

Here's an Initial Slide from a Case Study (ConocoPhillips)

The 32-page report is available to the right.

Energy Advisors Group is working hard to expand our thought leadership and look forward to providing additional market insight for our clients through regional perspectives, M&A analysis and market monitor. 

Our firm has been serving the needs of buyers, sellers and capital providers for over thirty-five years.

TO LEARN MORE CONTACT:

Blake Dornak

Vice President

– Email: [email protected]

Simon Cohn

Sr. A&D Engineer

– Email: [email protected]

Ronyld W Wise

Founder & Managing Partner

-- Email [email protected]

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4265 San Felipe Ste 650

Houston TX 77027

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