Well Cost | Well Cost - Drilling | Drilling Activity
Eagle Ford Operator Changes Well Design; Saves $2 Million Per Well
Print
|
In light of the new reality with oil prices, operators are tweaking their well designs to improve well economics.
One such operator is Penn Virginia Corp. who announced in its 4Q14 report that it is saving between $1-2 million by reducing sand, stages and changing casing design.
Penn Virginia 4Q14"We expect drilling and completion capital expenditures to range between $6.0 and $7.5 million per well for wells with two strings of casing, assuming 15 to 25 frac stages, and between $6.5 and $10.5 million per well for 3-string wells, assuming 12 to 33 frac stages. We expect 2015 drilling and completion costs to decrease from 2014 as a result of:
A decrease in the number of frac stages per well from an average of 26.5 stages during 2014 to an average of 22 stages in 2015, with the distance…- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Gulf Coast - South Texas News
An Eagle Ford Team That Cashed Out Is Back for Another Cycle
Houston — January 15, 2026 — Lime Rock Partners, a Houston-based private investment firm specializing in upstream oil and gas, has completed an equity commitment to Athena Energy…
Silver Hill Expands South Texas Footprint with Acquisition of 1776 Energy Assets
Silver Hill Energy Partners has acquired 100 percent of 1776 Energy’s South Texas oil and gas assets, significantly expanding its operated footprint across the Eagle Ford and Austin…
Murphy’s Eagle Ford Keeps Getting Better
Murphy Oil walked into Q3 2025 with a simple message: operations are clicking again, and the company is delivering production and cost performance that gives them flexibility heading…
Baytex Sells Eagle Ford to Re-Weight the Portfolio to Canada
Baytex Energy has announced a major portfolio shift: the Company is divesting its entire U.S. Eagle Ford position for US$2.305 billion in cash to an undisclosed buyer. The…
Chesapeake Energy Q4, Full Year 2022 Results; IDs $1.8B 2023 Capex
Chesapeake Energy Corp. reported fourth quarter and full-year 2022 results and issued 2023 guidance. Fourth Quarter 2022 Highlights: Net cash provided by operating activities of $1,050 million Net…