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Texas Oil & Gas Drilling Outlook - Demand and Sales Forecasts, Market Share, Market Size, Market Leaders

  • Study #: 3508
  • Published: 04/2017
  • Pages: 87
  • Full Study Price: US$ 2,500

Texas Oil & Gas Drilling Outlook - Industry Market Research, Market Share, Market Size, Sales, Demand Forecast, Market Leaders, Company Profiles, Industry Trends

The number of oil and gas wells drilled in Texas is forecast to grow 46% in 2017, exceeding 7,300 wells. Gains will be aided by a recovery in oil prices to over $50 per barrel, more efficient drilling and lower oilfield service prices, and growth in activity in the Permian basin, which has undergone significant midstream infrastructure expansion in the past year. The Barnett Shale, one of the original shale gas plays, has declined to almost zero horizontal drilling activity, while the Haynesville shale has sustained a modest level of drilling

This Freedonia study analyzes the Texas oil and gas drilling outlook. It presents historical data (2015 and 2016) and forecasts (2017 and 2018) by play (Permian Basin, Eagle Ford Shale, Barnett Shale, and Haynesville Shale) in wells drilled, footage, and active rigs. Historical data is presented for drilling permits. Additionally, data is analyzed by well trajectory, resource, and sub-basin, where applicable. The study also evaluates drilling rates, drilling costs, land acquisitions, and infrastructure.

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Table of Contents

EXECUTIVE SUMMARY

TEXAS OIL & GAS DRILLING OVERVIEW

Key Findings

Upstream Activity

Historical Drilling Trends

Drilling Activity by Trajectory

Texas Share of US Drilling Activity

Factors Impacting Drilling Activity

Historical Oil & Gas Price Volatility

Price Forecasts

Drilling Costs

Drilling Efficiency

Initial Production Rates

Mid- & Downstream Infrastructure

Environmental & Regulatory Considerations

PERMIAN BASIN

Key Findings

Scope

Historical Drilling Activity

Drilling Forecast

Factors Impacting Drilling Activity

Infrastructure Investment

Land Acquisitions

Permit Activity

Drilling Forecast by Trajectory

Drilling by County

Drilling Forecast by Sub-Basin

EAGLE FORD SHALE

Key Findings

Scope

Historical Drilling Activity

Drilling Forecast

Factors Impacting Drilling Activity

Infrastructure

Land Acquisitions

Permit Activity

Drilling Forecast by Resource

Drilling Forecast by Trajectory

Drilling by County

OTHER AREAS

Key Findings

Scope

Historical Drilling Activity

Drilling Forecast

Factors Impacting Drilling Activity

Land Acquisitions

Permit Activity

Drilling Forecast by Resource

Drilling Forecast by Trajectory

Drilling by County

APPENDIX

Scope

Plays

Well Types

Resource Types

Methodology

Sources

Associations & Agencies

Related Freedonia Group Studies

Definitions

Abbreviations

Macroeconomic Assumptions

Economic Environment

Oil & Gas Production Outlook


List of Tables

TEXAS OIL & GAS DRILLING OVERVIEW

Table 2-1 | Texas: Upstream Drilling Activity, 2015-2018

Table 2-2 | Oil & Gas Prices, 2015-2018 ($/bbl & $/mcf)

Table 2-3 | US Exploration & Development Costs per Well Drilled Selected Operators, 2014-2016 (mil $)

Table 2-4 | Drilling Efficiency Indicators, US Unconventional Oil & Gas, 2015-2018

PERMIAN BASIN

Table 3-1 | Permian Basin: Counties in Texas

Table 3-2 | Permian Basin: Upstream Drilling Activity, 2015-2018

Table 3-3 | Permian Basin: Selected Crude Oil Transmission Pipelines

Table 3-4 | Permian Basin: Selected Land Acquisitions

Table 3-5 | Permian Basin: Wells Drilled by Trajectory, 2015-2018

Table 3-6 | Permian Basin: Wells Drilled by Sub-Basin, 2015-2018

EAGLE FORD SHALE

Table 4-1 | Eagle Ford Shale: Counties in Texas

Table 4-2 | Eagle Ford Shale: Upstream Drilling Activity, 2015-2018

Table 4-3 | Eagle Ford Shale: Selected Pipelines

Table 4-4 | Eagle Ford Shale: Selected Land Acquisitions

Table 4-5 | Eagle Ford Shale: Active Drilling Rigs by Resource, 2015-2018

Table 4-6 | Eagle Ford Shale: Wells Drilled by Trajectory, 2015-2018

OTHER AREAS

Table 5-1 | Barnett Shale & Haynesville Shale: Counties in Texas

Table 5-2 | Other Areas: Upstream Drilling Activity, 2015-2018

Table 5-3 | Other Areas: Recent Land Acquisitions

Table 5-4 | Other Areas: Active Drilling Rigs by Resource, 2015-2018

Table 5-5 | Other Areas: Wells Drilled by Trajectory, 2015-2018

APPENDIX

Table 6-1 | Texas Oil & Gas Drilling: Plays

Table 6-2 | Texas Oil & Gas Drilling: Well Types

Table 6-3 | Texas Oil & Gas Drilling: Resource Types

Table 6-4 | Abbreviations Used in Study

Table 6-5 | Macroeconomic Outlook, 2015-2018

Table 6-6 | Oil & Gas Production & Consumption, 2015-2018


List of Charts

EXECUTIVE SUMMARY

Figure 1-1 | Texas Drilling Overview

TEXAS OIL & GAS DRILLING OVERVIEW

Figure 2-1 | Key Trends in Texas Oil & Gas Drilling

Figure 2-2 | Texas: Wells Drilled by Play, 2006-2016 (thousand wells)

Figure 2-3 | Texas: Wells Drilled by Trajectory, 2006-2016 (percent)

Figure 2-4 | US versus Texas Upstream Drilling Activity, 2006-2016 (wells)

Figure 2-5 | Oil & Gas Prices, 2006-2016

Figure 2-6 | Texas: Midstream Oil & Gas Infrastructure Highlights

PERMIAN BASIN

Figure 3-1 | Permian Basin: Key Trends

Figure 3-2 | Permian Basin: Counties in Texas

Figure 3-3 | Texas versus Permian Basin Upstream Activity, 2006-2016 (wells)

Figure 3-4 | Permian Basin: Factors Promoting Drilling Activity

Figure 3-5 | Permian Basin: Drilling Permits, 2006-2016 (number of permits)

Figure 3-6 | Permian Basin: Wells Drilled by Trajectory (percent)

Figure 3-7 | Permian Basin: Wells Drilled by County Heat Map

EAGLE FORD SHALE

Figure 4-1 | Eagle Ford Shale: Key Trends

Figure 4-2 | Eagle Ford Shale: Counties in Texas

Figure 4-3 | Texas versus Eagle Ford Shale Upstream Drilling Activity, 2006-2016

Figure 4-4 | Eagle Ford Shale: Factors Impacting Drilling Activity

Figure 4-5 | Eagle Ford Shale: Drilling Permits, 2006-2016 (number of permits)

Figure 4-6 | Eagle Ford Shale: Active Drilling Rigs by Resource, 2012-2017 (Rigs)

Figure 4-7 | Eagle Ford Shale: Wells Drilled by Trajectory, 2006-2016 (percent)

Figure 4-8 | Eagle Ford Shale: Wells Drilled by County Heat Map

OTHER AREAS

Figure 5-1 | Other Drilling Areas: Key Trends

Figure 5-2 | Barnett Shale & Haynesville Shale: Counties in Texas

Figure 5-3 | Texas versus Other Areas Upstream Drilling Activity, 2006-2016 (wells)

Figure 5-4 | Other Areas: Factors Impacting Drilling Activity

Figure 5-5 | Other Areas: Drilling Permits, 2006-2016 (number of permits)

Figure 5-6 | Other Areas: Active Drilling Rigs by Resource, 2012-2017 (rigs)

Figure 5-7 | Other Areas: Wells Drilled by Trajectory, 2006-2016 (percent)

Figure 5-8 | Other Areas: Wells Drilled by County Heat Map


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