Calgary-based Enverus Intelligence Research Tuesday released a report identifying high-grade locations in Eagle Ford where recoveries remain high despite denser development. Enverus said as deals increase in Permian Basin ($144 billion in 2023Q4), interest is turning to basins such as Eagle Ford, Haynesville and Bakken.
Dani von Bassenheim, author of the report, said, “The core of the Eagle Ford is the gift that keeps giving for operators with the best acreage. While this area hosts the densest development in the play, recent tests demonstrate very economic redevelopment locations still exist even at tighter spacing that we previously modeled.”
Despite significant development to date, Enverus said, energy companies drilling in Eagle Ford’s core can still achieve sub-$45 per barrel breakeven at 20 or more wells per section. Operators generate greater returns by prioritizing dense development in the core area, including Dewitt, Gonzales and Karnes counties, over pivoting to less-developed, lower-quality rock.