Eagle Ford Ultimate Recovery Profiles
Production Rate to Total EUR Based on Actual Realized Production Data Filed with the Texas Railroad Commission; 2011 to 11.2017
This is NOT a pretty picture, unfortunately.
At $60 gross oil, $30 net-back after all costs are deducted, a typical 8000 foot, 15 million pound Eagle Ford well will require 250,000 BO UR just to reach payout. Most of the 20,000 Eagle Ford wells drilled to date will not achieve that. Some will, eventually, but breaking even is not the point of the exercise. All shale oil wells being drilled in America must now be profitable ENOUGH to pay back hundreds of billions of dollars of old debt.
Thanks very much to Art Berman for this graph. Visit Art at https://twitter.com/aeberman12