Texas Oil & Gas Drilling Outlook Including Permian Basin and Eagle Ford
Texas oil and gas drilling is forecast to increase 46% to over 7300 wells drilled between 2016 and 2017. The Permian Basin, valued for its geology and low breakeven costs, is expected to drive growth through the forecast.
This report covers Texas oil and gas drilling by Basin. Data is presented in wells drilled, footage, and active drilling rigs, among others.
Basins covered in this study include:
Permian Basin
Eagle Ford Shale
Barnett Shale
Haynesville Shale
Scope of the Report
This report covers the scope, size, and growth of Texas oil and gas drilling including key trends in each basin by well trajectory, resource, county, and sub-region, where applicable. Historical data are provided for 2015 and 2016, with forecasts for 2017 and 2018, with year by year historical market volatility also addressed. Data are provided in wells drilled, footage, and active rigs, among others. Also included is an analysis of the key land acquisitions, infrastructure in the state, drilling permits, drilling rates, and drilling costs.
- EXECUTIVE SUMMARY
- Table Figure 1-1 | Texas Drilling Overview
- TEXAS OIL & GAS DRILLING OVERVIEW
- Key Findings
- Table Figure 2-1 | Key Trends in Texas Oil & Gas Drilling
- Upstream Activity
- Table Texas: Upstream Drilling Activity, 2015-2018
- Historical Drilling Trends
- Table Figure 2-2 | Texas: Wells Drilled by Play, 2006-2016
- Drilling Activity by Trajectory
- Table Figure 2-3 | Texas: Wells Drilled by Trajectory, 2006-2016
- Texas Share of US Drilling Activity
- Table Figure 2-4 | US versus Texas Upstream Drilling Activity, 2006-2016
- Factors Impacting Drilling Activity
- Historical Oil & Gas Price Volatility
- Table Figure 2-5 | Oil & Gas Prices, 2006-2016
- Price Forecasts
- Table Oil & Gas Prices, 2015-2018
- Drilling Costs
- Table US Exploration & Development Costs per Well Drilled, Selected Operators, 2014-2016
- Drilling Efficiency
- Table Drilling Efficiency Indicators, US Unconventional Oil & Gas, 2015-2018
- Initial Production Rates
- Mid- & Downstream Infrastructure
- Table Figure 2-6 | Texas: Midstream Oil & Gas Infrastructure Highlights
- Historical Oil & Gas Price Volatility
- Environmental & Regulatory Considerations
- Key Findings
- PERMIAN BASIN
- Key Findings
- Table Figure 3-1 | Permian Basin: Key Trends
- Scope
- Table Permian Basin: Counties in Texas
- Table Figure 3-2 | Permian Basin: Counties in Texas
- Historical Drilling Activity
- Table Figure 3-3 | Texas versus Permian Basin Upstream Activity, 2006-2016
- Drilling Forecast
- Table Permian Basin: Upstream Drilling Activity, 2015-2018
- Factors Impacting Drilling Activity
- Table Figure 3-4 | Permian Basin: Factors Promoting Drilling Activity
- Infrastructure Investment
- Table Permian Basin: Selected Crude Oil Transmission Pipelines
- Land Acquisitions
- Table Permian Basin: Selected Land Acquisitions
- Permit Activity
- Table Figure 3-5 | Permian Basin: Drilling Permits, 2006-2016
- Drilling Forecast by Trajectory
- Table Permian Basin: Wells Drilled by Trajectory, 2015-2018
- Table Figure 3-6 | Permian Basin: Wells Drilled by Trajectory
- Drilling by County
- Table Figure 3-7 | Permian Basin: Wells Drilled by County Heat Map
- Drilling Forecast by Sub-Basin
- Table Permian Basin: Wells Drilled by Sub-Basin, 2015-2018
- Key Findings
- EAGLE FORD SHALE
- Key Findings
- Table Figure 4-1 | Eagle Ford Shale: Key Trends
- Scope
- Table Eagle Ford Shale: Counties in Texas
- Table Figure 4-2 | Eagle Ford Shale: Counties in Texas
- Historical Drilling Activity
- Table Figure 4-3 | Texas versus Eagle Ford Shale Upstream Drilling Activity, 2006-2016
- Drilling Forecast
- Table Eagle Ford Shale: Upstream Drilling Activity, 2015-2018
- Factors Impacting Drilling Activity
- Table Figure 4-4 | Eagle Ford Shale: Factors Impacting Drilling Activity
- Infrastructure
- Table Eagle Ford Shale: Selected Pipelines
- Land Acquisitions
- Table Eagle Ford Shale: Selected Land Acquisitions
- Permit Activity
- Table Figure 4-5 | Eagle Ford Shale: Drilling Permits, 2006-2016
- Drilling Forecast by Resource
- Table Eagle Ford Shale: Active Drilling Rigs by Resource, 2015-2018
- Table Figure 4-6 | Eagle Ford Shale: Active Drilling Rigs by Resource, 2012-2017
- Drilling Forecast by Trajectory
- Table Eagle Ford Shale: Wells Drilled by Trajectory, 2015-2018
- Table Figure 4-7 | Eagle Ford Shale: Wells Drilled by Trajectory, 2006-2016
- Drilling by County
- Table Figure 4-8 | Eagle Ford Shale: Wells Drilled by County Heat Map
- Key Findings
- OTHER AREAS
- Key Findings
- Table Figure 5-1 | Other Drilling Areas: Key Trends
- Scope
- Table Barnett Shale & Haynesville Shale: Counties in Texas
- Table Figure 5-2 | Barnett Shale & Haynesville Shale: Counties in Texas
- Historical Drilling Activity
- Table Figure 5-3 | Texas versus Other Areas Upstream Drilling Activity, 2006-2016
- Drilling Forecast
- Table Other Areas: Upstream Drilling Activity, 2015-2018
- Factors Impacting Drilling Activity
- Table Figure 5-4 | Other Areas: Factors Impacting Drilling Activity
- Land Acquisitions
- Table Other Areas: Recent Land Acquisitions
- Permit Activity
- Table Figure 5-5 | Other Areas: Drilling Permits, 2006-2016
- Drilling Forecast by Resource
- Table Other Areas: Active Drilling Rigs by Resource, 2015-2018
- Table Figure 5-6 | Other Areas: Active Drilling Rigs by Resource, 2012-2017
- Drilling Forecast by Trajectory
- Table Other Areas: Wells Drilled by Trajectory, 2015-2018
- Table Figure 5-7 | Other Areas: Wells Drilled by Trajectory, 2006-2016
- Drilling by County
- Table Figure 5-8 | Other Areas: Wells Drilled by County Heat Map
- Key Findings
- APPENDIX
- Scope
- Plays
- Table Texas Oil & Gas Drilling: Plays
- Well Types
- Table Texas Oil & Gas Drilling: Well Types
- Resource Types
- Table Texas Oil & Gas Drilling: Resource Types
- Plays
- Methodology
- Sources
- Associations & Agencies
- Related Freedonia Group Studies
- Definitions
- Abbreviations
- Table Abbreviations Used in Study
- Macroeconomic Assumptions
- Economic Environment
- Table Macroeconomic Outlook, 2015-2018
- Oil & Gas Production Outlook
- Table Oil & Gas Production & Consumption, 2015-2018
- Economic Environment
- Scope
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