MUR: Getting a Jump on the Quarter

MUR: Getting a Jump on the Quarter

The chart below generated using the DISCERN Energy Platform shows Murphy's Eagle Ford completions improving dramatically through much of 2015.  This is based on initial 24-hour oil rates and suggests that more recent data could give a read on first quarter 2016 results in the region...

A Look at Proppant Loads: Trends You Need to Know

A Look at Proppant Loads: Trends You Need to Know

Our initial analysis of well completion data from the FracFocus database gives us some insights into well completion trends over the past couple of years. 

  • Sand overall accounts for the bulk of proppant use hovering at 85-95% of total proppant by weight by our analysis. Together ceramic and resin coated sand proppants make up the remainder. While market share by total weight for...

EGN: Assessing Asset Performance

EGN: Assessing Asset Performance

Broad trends in well results can sometimes hide more subtle underlying changes that tell a more complete picture of asset performance. In one such case we found that well results in recent months for Energen could be ascribed...

Drilling Deep

Drilling Deep

Lower oil prices have forced operators to more carefully scrutinize well economics over the past 18 months. Drilling higher quality acreage and taking advantage of lower service costs are two of the more critical variables in the equation...

Getting a Bead on Operating Cost Trends

Getting a Bead on Operating Cost Trends

With falling revenue from lower oil prices, operating costs have become a more significant part of the return equation. Costs that may be inconsequential at $100 oil can suddenly become material at $30 oil.

Heading Out of a Summer Trough?

Heading Out of a Summer Trough?

Well results in 2015 conformed to seasonal patterns for operators in the Bakken and Permian basin. Well results for these operators started the year off strongly though mid year, bottomed out. In the 3Q, results turned around with an acceleration in well quality..  There are numerous possible explanations...

Operators in Utica Shale Favored Oil

Operators in Utica Shale Favored Oil

Through the latter part of 2014 and 2015, operators in the Utica shale shifted their drilling to more liquids-rich parts of the play despite the falloff in oil prices as seen from analysis available on the DISCERN Energy platform.

Using Well Tests to Gain Operational Insights in 2016

Using Well Tests to Gain Operational Insights in 2016

Test rates provide insight well beyond the near term. One category of core insights provided by the DISCERN Energy platform consists of signals generated by initial well test data. These well tests offer the advantage of...

At a Glance: Permian Well Quality Trends

At a Glance: Permian Well Quality Trends

Data suggests that well quality in the Permian has recently improved for some operators such as PXD and FANG. At the same time other operators such as Laredo have seen results more consistent with those of the last year. These trends are quickly evident...

PXD: Data gave hints of strong quarter.

PXD: Data gave hints of strong quarter.

PXD shares jumped 6.5% following positive comments about its Wolfcamp well performance and upward production guidance in its 3Q15 earnings release on November 3. 

Data visible on DISCERN Energy could have pointed users to this improvement prior to the company's earnings release. The company's well performance...

OAS: A Foreshadowing in the Bakken?

OAS: A Foreshadowing in the Bakken?

Here's what we recently picked up on OAS in the DISCERN Energy platform. The recently reported Wade Federal 5300 41-30 9B is the company's best Bakken well in >1 year, a nice step out Northwest of a strong cluster of North Dakota wells drilled in mid 2014.  

They drilled this in July, but it just hit the ND state O&G site.  Given the higher quality of this well versus other wells...

Permian Basin Watch

Permian Basin Watch

Here is interesting analysis of 65 wells mostly in Reagan County in the Permian Basin for AEP Permian put on line during Nov 2013 through early Sep 2015.

Overall, we see improving results as shown in Figures 1 and 2. We also note that brute force, ie more proppant and longer laterals is not necessarily driving the better results (Figures 3 and 4). Instead better results appear to be coming from other factors such as high grading acreage, improved landing of the lateral, and placement of proppant within the formation (see the attached charts). Only after those...

Test Rates Don't Tell the Whole Story

Test Rates Don't Tell the Whole Story

The amount of oil produced prior to the test of a new well in Texas may provide additional insight into the quality of wells a company is drilling in that state beyond the simple results of the 24-hour test.

Changing Stride: The Pace of Horizontal Well Completions Has Begun to Slow

Changing Stride: The Pace of Horizontal Well Completions Has Begun to Slow

According to an analysis we ran this month, the pace of horizontal oil well completions in Texas has fallen off.  Take a look at the chart below. This is a change from the results of our prior analysis in mid/late May which showed that completions had maintained a steady pace vs the start of the year.