Heard In The Field - Eagle Ford

Hart Energy canvasses service providers, E&P companies, and consultants weekly across the four service lines of pressure pumping, downhole completions, land drilling and well servicing, seeking information on pricing, current activity drivers, current practices, and near term outlook. Surveys rotate through the major unconventional plays on a quarterly basis.

Survey results are compiled in executive summary form with quantitative and anecdotal comments and published by service line approximately twice weekly. Unconventional coverage involves two major unconventional markets monthly in a rotation that includes the Eagle Ford, Permian Basin, Bakken, Marcellus (Appalachian Basin), the Midcontinent, and alternating coverage of the dry gas basins such as the Barnett, Haynesville, and Barnett, along with other markets such as the non-Bakken Rockies.

Zipper Fracks Increase Market Share In Eagle Ford Shale

Halliburton dominates frack work in the Eagle Ford, where proppant use is averaging 400,000 pounds per stage, according to Hart Energy’s Heard In The Field survey.

June 23, 2016

Workovers, DUCs First On Eagle Ford’s Agenda

Oil prices north of $55 are needed to stimulate fracking demand in the Eagle Ford Shale, according to participants of Hart Energy’s Heard In The Field survey.

June 21, 2016

Time Is Running Out For Some Eagle Ford Service Companies

Eagle Ford operators need a sustained $50 oil price to stoke demand. Meanwhile, service companies are almost exclusively working on maintenance projects as drilling slows in the shale play.

June 17, 2016

Eagle Ford Drillers Expect Demand To Rise This Summer

Rig rates in the Eagle Ford Shale drop again - about $500 per day over the last 90 days - as demand for drilling services remain low.

June 15, 2016

Operators Leaving Eagle Ford Shale For Northern Skies

Oil and gas operators are switching activity to the Permian Basin, reflected partially by the steep collapse in Eagle Ford well stimulation capacity, according to Hart Energy’s Heard In The Field report.

March 18, 2016

Eagle Ford Completion Activity Falls Into Deep Slumber

Eagle Ford operators are pursuing routine remedial work to keep production up. Although refracks are being discussed, none are underway, according to Hart Energy’s Heard In The Field report.

March 17, 2016

Price War Underway In Eagle Ford For Limited Workover Jobs

Some Eagle Ford operators are working as cheaply as possible to get whatever work they can. Contractors report a majority is focused solely on routine maintenance, done only as necessary.

March 9, 2016

Is the Eagle Ford Drilling Market Stabilizing?

Contractors in the Eagle Ford Shale report steady activity, but at extremely low levels. A majority of Hart Energy survey participants indicate the region needs $50 oil before activity improves.

March 4, 2016

Capacity Drops Further In Region

Regional capacity falls 10% over the last 90 days as operators pull back completion activity and hold on in hopes of a recovery in commodity prices in 2016.

December 16, 2015

Well Backlog Continues To Rise

Zipper fracks fall below 60% market share in the Eagle Ford, which indicates operators are delaying completions on a significant percentage of horizontal laterals.

December 11, 2015

Waiting On 2017: Contractors Hunker Down

Workover contractors enter survival mode as completion work dries up and hourly rates fall in the Eagle Ford Shale. Some describe the market as the worst they’ve ever seen.

December 7, 2015

Oversupplied: Drillers Face Distress

A tough 2016 is approaching drilling contractors in the Eagle Ford. Regional utilization is now below 40% and the average rig rate for tier one rigs is down to $17,200 per day.

December 4, 2015