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Texas Update May 2016 and Eagle Ford Output Estimat

Texas Update May 2016 and Eagle Ford Output Estimate

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Texas C+C output was 3549 kb/d in March 2016, about 39 kb/d higher than February.

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Texas crude output was 3079 kb/d in March 2016, about 29 kb/d higher than February.

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Condensate output was 470 kb/d in March 2016, 11 kb/d higher than February.

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Natural gas output in Texas was 24,690 MMCF/d, 309 MMCF/d higher than February.

Using RRC data, I determined the percentage of Texas C+C output produced in the Eagle Ford Shale from April 2012 to March 2016. This percentage was than multiplied by Dean’s estimate for Texas C+C output to get an estimate of Eagle Ford C+C output from April 2012 to March 2016. The Chart below compares the RRC data for the Eagle Ford with my estimate using Dean’s Texas C+C estimate.

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Eagle Ford output was about 1390 kb/d in March 2016, about 20 kb/d higher than February. The annual decline rate from Feb 2015 to March 2016 was about 220 kb/d or roughly 15% per year. Since November 2015 Eagle Ford output has declined very little. The red data points are used for the trend line in the chart below.

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