North America Well Analysis Tool Tip
Transcription
North America Well Analysis Tool Tip
North America Well Analysis Tool Tip Benchmark – Marcellus EURs by sub-play Analysis How to get there The Marcellus is the largest shale gas play in the world based on current production. Henry Hub breakeven gas prices in the Marcellus vary from US$1.02/mcf to US$12.02/mcf but the best area of the play is the Susquehanna Core, where huge wells make up for large price discounts to Henry Hub. 1 2 1 Left Hand Navigation – Benchmark View by – Sub-play Metric – EUR Gas 2 Right Hand Filters – Play Marcellus North America Well Analysis Tool Tip Trend of lateral lengths in the Marcellus Analysis How to get there Since development began, the average lateral length in the Marcellus Shale has increased each year. Most operators are still continuing this trend and the average lateral length of a Marcellus Shale well is now roughly 6,000 ft. 2 1 1 Play – Marcellus 2 Left Hand Navigation – Trend View by – Play Color by: Play Metric – Lateral Length Time: Drilling Start Date By – Year North America Well Analysis Tool Tip Identifying potential refrac candidates in the Marcellus Analysis How to get there Over the past year, lower U.S. natural gas prices drove Marcellus operators to shift attention to horizontal refracs in order to increase recovery rates at reduced costs. There are more than 1,000 wells completed before 2011 in the Marcellus that make prime candidates to unlock previously missed gas volumes. 2 1 3 1 Play – Marcellus 2 Left Hand Navigation – Map Color by – Completion Year 3 Right Hand Filters – Dates Completion Date – Before 2011 North America Well Analysis Tool Tip Correlating Marcellus IP rates with water volume in West Virginia Analysis How to get there The West Virginia dry gas subplay of the Marcellus is less developed than the wet gas area of West Virginia, but top operators like Antero Resources have successfully improved IP rates by increasing the volume of water pumped during completions. 3 2 1 3 1 Play – Marcellus 2 Left Hand Navigation – Correlation Color by – Operator X-Axis – Water Y-Axis – IP Gas 3 Right Hand Filters – Well Attributes Sub-play – West Va. Dry Gas Europe Americas Asia Pacific +44 131 243 4400 +1 713 470 1600 +65 6518 0800 Email Website [email protected] www.woodmac.com Wood Mackenzie* is a global leader in commercial intelligence for the energy, metals and mining industries. We provide objective analysis and advice on assets, companies and markets, giving clients the insight they need to make better strategic decisions. For more information visit: www.woodmac.com *WOOD MACKENZIE is a Registered Trade Mark of Wood Mackenzie Limited