Anyone local to the Avoyelles area hearing anything about the Eagles Ranch Well? It appears that they recently finished drilling well and should be moving frac crews on location soon.

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I believe tubing was installed after the first 45 days of production. The problem with this well and this area is that old GOR of 1000/1.  Not much gas in the system for lift.

Jay

Agree more gas would be a lot better as to reservoir energy and O&G / fluid movement.

I don't see any comments in SONRIS as to tubing installation - only the casing comments.

Am I missing something??

Tubing or not, I look forward to EOG installing some sort of artificial lift.

Is there anyone near the location who can comment on what equipment is on location? Maybe a beam pump?

Thanks for all input

Interesting analysis.  Thanks for the info.

Guy's, what would be considered "normal"  daily production for an AC well at this point?

What happened to the rumors of EOG unloading it’s assets below the shelf? Including the Eagle Ranch well? 

Keith

This first well in Louisiana AC Hz Frac play is no where near as good as the similar wells that EOG and others are drilling in Karnes County (Central Texas).

Attached is info on a "lesser" EOG AC Hz Frac completion in Karnes County. Shorter lateral (less than 4000') but higher GOR.

Note oil numbers for 7/2017 and 8/2017 - sharp decrease in July but then back up in August. I am thinking that this may be when the well was switched from a "flowing" well to some sort of artificial lift.

The numbers for this well are somewhat in line with the Eagles Ranch well.

Production graph, production data (EXCEL) and completion data for this well attached or imbedded in this posting.  

Note that other EOG wells in the Karnes County area are flowing at much higher rates at similar periods of their productive life. But these are all later generation wells as to the development of this play.

There are also some AC Hz Frac wells that are VERY poor producers with much lower rates.

Allman%20101H%20Prod%20Data.xlsx

Allman%20101H.pdf

Attachments:

I see the difference now. I had forgot about the Karnes wells. One of my co-workers had enlightened me on what was going on in that area well before the work in Central Louisiana kicked off. 

I hope they get it going in the right direction. Thanks for the data.

RM-
1. Thank you for the time and effort put into your posts.
2. As Eagles Ranch 14H has produced 102,425 BO in its first 7 reported months, is this well economically viable? My rough math would be 102,425 BO X $65 per barrel X 75% = $5 million.

EOG and Working Interests may have a somewhat better net royalty position if not all leases are at a quarter.  Then you would have to deduct 7 months of Lease Operating Expenses (LOE).

REPLY BUTTON NOT WORKING SO CUT AND PASTING ORIGINAL COMMENT WITH MY COMMENTS

RM-
1. Thank you for the time and effort put into your posts.
2. As Eagles Ranch 14H has produced 102,425 BO in its first 7 reported months, is this well economically viable? My rough math would be 102,425 BO X $65 per barrel X 75% = $5 million.
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RM comments

I'm not sure where to find the actual D&C costs for this well but I figure is north of $7 MM - especially with the pilot hole and all the science (logs, cores, etc.) that EOG did prior to drilling the lateral.

The $5 MM net value of the oil volume produced so far is an undiscounted view of this value - discounted value numbers will be a lower. One needs to add in the LOE associated with producing this well. One of the biggest factors is the SW trucking and disposal (which will run between $1 to $2+ per BSW).


It is impossible to calculate a good EUR projection for this well right now (IMO) - especially if EOG has not yet installed artificial lift as I expect.


In the long run, I figure that this well will make some money for EOR from a discounted rate of return perspective. But remember that this is the FIRST well in this play area and only a 4000' lateral.

Future best practices (to be determined after more wells and analysis) and longer laterals (up to 10,000') should equate to better EUR's and economics. Future wells will also be helped by SWD wells and pipeline system to transport produced water for SWD.

I know where RM.  EOG reported the cost of the Eagles Ranch 14H #1 as $11,941,039.

Wow! I was way soft on that total number. Figure that about $1.5 Million of this is tied to the vertical / science well portion of this operation. But that still leaves a bit over $10 MM D&C.

I may have to retract my earlier comment about this specific well "paying out" over time from a discounted ROR perspective.

Thanks for looking up these costs!

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