The Well Map 1-16-13

Folks,

We’re drawing near to the date at which The Well Map will take a leap forward in functionality.  Barring any unforeseen delays, there will be a filtering device on the map next week which will allow you to browse wells much more easily.  There are currently around 1,500 wells up on the map, but expect this number to double over the near term as I have hesitated to add new wells until the filter is operational.

The filter is not the end of the changes you’ll be seeing at the well map, as you’ll be getting supportive analytics and eventually more complete production information.  Eventually this data will require a subscription, but for now you’re welcome to enjoy it for free.  The goal is to provide investors, royalty owners, landmen, and buy/sell side shops with extensive production information that’s much more affordable than what you’ll find from the big data shops.

The Well Map is built off of publicly available data (versus from the companies themselves) so the data set is impartial but not perfect.  Because of this, I’ll be doing a lot of work on supportive analytics so that you know how to interpret the data.  For instance, states don’t currently provide the amount of natural gas liquids (NGLs) that are being produced from a given well, so below is a table which describes each hydrocarbon being produced by certain wells in the Eagle Ford of South Texas.

If you’re familiar with the Eagle Ford, you know that each county the formation lies in can produce wildly different hydrocarbon cuts.  So if I was using this table, I wouldn’t focus so much on county averages, but on clusters of wells in each county.  If you’re trying to figure out Marathon’s hydrocarbon cut in its Karnes County prospect, find those wells on the well map and compute an average.  There’s a lot more work to be done on my end to make this easier for users, but for now the table is a start.

Expect another post next week once the filter is up and running.

-Braden

Source: Corporate presentations of the above companies.