{"id":66468,"date":"2024-01-18T07:19:33","date_gmt":"2024-01-18T12:19:33","guid":{"rendered":"https:\/\/olduvai.ca\/?p=66468"},"modified":"2024-01-18T07:19:33","modified_gmt":"2024-01-18T12:19:33","slug":"eagle-ford-shale-a-preview-of-permian-decline","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=66468","title":{"rendered":"Eagle Ford Shale\u2013A Preview of Permian Decline"},"content":{"rendered":"
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Eagle Ford Shale\u2013A Preview of Permian Decline<\/span><\/a><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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The Eagle Ford Shale was the hottest play in the United States a little more than a decade ago. In mid-2012, there were twice as many rigs drilling horizontal wells in the Eagle Ford as there were in the Permian basin.<\/p>\n

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Figure 1. Map showing U.S. shale plays. Source: EIA.<\/figcaption><\/figure>\n<\/div>\n

Now its decline is probably a preview of what to expect from the Permian basin a few years from now.<\/p>\n

The Eagle Ford still produces more than a million barrels of oil (mmb\/d) and 5 billion cubic feet of gas per day so that\u2019s the first thing to expect about the future Permian. Plays don\u2019t crash and burn but follow an undulating path downward over years or decades.<\/p>\n

Eagle Ford production climbed steeply after 2010 and peaked at 1.6 mmb\/d in September 2015 (Figure 2). Much of its decline over the years that followed were because of low oil prices. Although output increased again in 2018 and 2019, it never reached its 2015 level. The Pandemic in early 2020 resulted in a second period of decline and recovery. Production has fallen about 6% since August 2020.<\/p>\n

\"Eagle