We have uploaded the Frac Focus database and anticipate making it available in DISCERN Energy within the 4Q. Here's an interesting example of what we can see using this data.
Data from 259 horizontal wells completed and tested by PXD in Midland, Martin, Upton and Reagan Counties suggests that while proppant load has stabilized at ~1000-1200 pounds per foot, the company has tested a few wells with significantly more proppant (Figure 1). Perhaps more interesting, however, is that the quality of completions has risen dramatically over the past three years by about 50% even after adjusting for lateral length and proppant load (Figure 2). Improved landing within zone, tighter cluster spacing, increased stage count and targeting more productive zones likely have all played a role in this improvement.
Insight = While improved productivity in general can be perceived as bearish given the current growth in US supply, these improvements should yield lower costs in the long run for PXD.
To discover many additional insights like this one and custom-generate your own charts which refresh with the latest data, learn more about DISCERN Energy.