Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

  Economics : Rates of Return/ IRR

Showing 3 Results


MARCELLUS WELL RESULTS Capital efficient and highly productive drilling inventory Marcellus well performance 2018-2021(1) Average cumulative well production per 1,000 ft lateral Avg. 9,200 0.8 lateral ft Avg. 0.7 8,200 30% INCREASE IN 12-MONTH CUMULATIVE PRODUCTION / LATERAL FT 0.6 lateral ft IN 2020 VS 2018 Bcf/1,000 ft lateral Avg. 0.5 6,300 Avg. 9,300 lateral ft 0.4 lateral ft WELL ECONOMICS(2) 0.3 NYMEX Gas Price (US): 2.50/Mcf 3.00/Mcf 0.2 Payout: 2.6 yrs 1.7 yrs IRR: 30% 70% 0.1 Breakeven US (10% IRR): 2.10/Mcf 0 1 2 3 4 5 6 7 8 9 10 11 12 Months on production 2018 2019 2020 2021 17 1) Enerplus average working interest in the Marcellus wells is 2.5% in 2021, 3.3% in 2020, 9.7% in 2019, 9.2% in 2018 (production weighted). 2) Well economics are based on the average 2P reserves booked per undeveloped location (18 Bcf/well, 7,400 ft lateral), a total well cost of US6.3MM and a natural gas price differential of US0.55/Mcf below NYMEX.
Enerplus Corp
June 2021

Appalachia: Overview Miles 0 4 8 Acres PDP Well Count PDP Decline 1Q21 Activity 540,000 Op: 963 2020 TILs: 53% Wells drilled: 16 40% WI, 35% NRI Non-Op: 292 Field: 23% (5-yr avg) Wells TILd: 18 2021E Production Outlook 2021E EBITDAX Outlook 2021E Capital Plan 1,052 1,061 1,061 1,061 653 Appalachia Gulf Coast South Texas Brazos Valley Powder River Basin 2.25 2.50 2.75 3.00 TOTAL (2) Development Locations (PV-20) (2) Development & Appraisal Locations (PV-0) (1) 20% ROR at current spacing assumption, proven development zones. (2) Location counts do not include exploration wells or zones still in early evaluation. 1Q 2021 Earnings May 12, 2021 10
Chesapeake Energy Corp
May 2021

Consolidating the Core of Appalachia Acquisition provides EQT exposure to most of the remaining core Lower Marcellus inventory in NEPA Assets complement EQTs leading SWPA position and AVERAGE WELL PERFORMANCE BY PLAY(1) PREMIER GAS PLAYS already deep combo-development inventory 3.0 Chesapeake (Alta non-op) operates the best geology in NEPA with significant remaining Lower Marcellus inventory 2.7 Bcfe/1000 2.0 2.2 1.9 High margin operated production provides drilling 1.0 economics competitive with, and even superior to, Chesapeake operated acreage 0.0 NEPA Marcellus SWPA Marcellus Haynesville NON-OP INTERESTS ACROSS THE MOST PRODUCTIVE ROCK(1,2) OPERATED ASSETS DELIVER SUPERIOR ECONOMICS 1.4 100% Cum Production - Bcfe/1000 1.2 Non-op Non-op 1.0 75% BTAX IRR 0.8 50% 0.6 0.4 COG 25% CHK (Alta Non-Op) 0.2 COG - By Well CHK Non-Op - By Well 0.0 0 6 12 18 24 30 36 Alta Operated CHK Operated Alta Operated CHK Operated Months on Production - Tier 1 Core - Tier 2 - Tier 1 1. Source: Enverus 7 2. Represents wells turned-in-line during 2018 and onward.
EQT Corp
May 2021

   Want More Data?
Subscribe and Get immediate Access

Already a subscriber?Log In here