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.