Counting Sheep

February 4, 2019

 

If you knew what this little covey of Eagle Ford wells in deep S. Texas cost (I do), after five years how much longer it will take to reach payout (as in... never) and if you were the lender that approved the loan to get these wells drilled... you might by now very well be considering crawling under a big 'ol rock. 

 

There are 21,992 Eagle Ford oil and natural gas wells producing in Texas (shaleprofile.com), most of the oil wells are now on rod lift, like these in the video, are facing horrendous terminal decline rates and many (as in thousands and thousands) are significantly short of paying back land acquisition, drilling and completion costs.  

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