US Shale: No Country for Old Completion Designs

2019 has evoked resource fears in shale, after some E&Ps posted disappointing results, and implied productivity data fell 20% YoY,  according to the EIA’s data.

We find the data-issues are benign. They reflect changes to completion design, as a bottlenecked industry increased its use of cube development and flowback control.

Underlying productivity continues improving at a phenomenal pace. These conclusions are derived from reviewing 350 technical papers filed by the shale industry over summer-2019.