- U.S. production of NGLs and fuel ethanol exceeded 5 million barrels per day in October
- NGL production growth is likely to remain very strong in the next five years
- The abundant supply of low-price NGLs is a strategic advantage and powerful growth stimulus for the U.S. petrochemical complex
The Delaware Basin has seen the greatest increase [in production]. It is deeper than in Midland, and the best results have been located on the border of the oil and gas windows. Depth and higher natural gas percentages work in concert to produce better well pressures. We are seeing excellent results across multiple counties. Multiple intervals provide an number of optional targets, and marked upside for operators.
Delaware costs are also decreasing as infrastructure increases and operators get more comfortable with the geology.
EOG Resources has had the best results.
This isn't just in the Delaware, as it has produced new records in several plays across the US. Matador has also done well. It has acreage in the Delaware core. Concho may be the best way to play the Delaware. It has the best overall footprint of any Delaware operator.
Anadarko has two main areas of focus in the L48. The Delaware Basin is its flagship and it has a very large leasehold in the DJ Basin. We pulled 99 horizontals completed by APC since January of 2016. Forty-one locations have laterals longer than 7,000 feet. APC is starting to see some excellent results out of Loving County. It has been using laterals between 7,000 and 8,000 feet. These results are a large improvement over recent years [not quite as long as "standard" length in the Bakken].
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Active rigs:
| $64.05↓↓ | 1/16/2018 | 01/16/2017 | 01/16/2016 | 01/16/2015 | 01/16/2014 |
|---|---|---|---|---|---|
| Active Rigs | 55 | 36 | 49 | 157 | 187 |
RBN Energy: tracking the effects of Energy Transfer's Rover pipeline on gas flows, production.
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