Double Eagle has been a major player in Reagan County’s oil and gas sector, driving much of the activity in the area. Through an analysis of recent datasets, we can uncover trends in well operations, contractor activity, and regulatory compliance, providing a detailed snapshot of Double Eagle IV’s contributions to the region’s energy development.

Key Contractors and Rigs in Double Eagle Operations

One of the key findings is that Double Eagle IV has consistently relied on contractors like Precision 550 and NorAm 30 to support its drilling. Precision 550 has the highest usage, with 36 recorded well spud under Double Eagle IV, followed closely by NorAm 30 with 30 wells spud.

Looking specifically at 2024, Precision 553 and Precision 550 remain the most active rigs.

Operational Activity Trends: Increasing and Decreasing

Double Eagle IV’s drilling activity saw a significant increase throughout 2023, peaking in Q3 with 35 wells spud. In 2024, activity picked up again, with 28 wells spud in March 2024 alone. These operations were concentrated around the Honey RF West Lease, with rigs like Latshaw 9 playing a prominent role. The wells were primarily in the Z – Unperfed Completion stage, indicating they were close to being fully operational but awaiting final perforation.

This pattern reflects the dynamic nature of Double Eagle IV’s operations, where the company adapts its activity levels based on development timelines and broader market conditions. As we move further into 2024, the upward trend in activity suggests that Double Eagle IV is maintaining a steady pace of development in Reagan County.

Regulatory Compliance: Flaring Activity and TCEQ Submissions

As a responsible operator, Double Eagle IV has adhered to environmental regulations, particularly regarding gas flaring. Flaring is a critical issue in oil and gas operations, and compliance with Texas Commission on Environmental Quality (TCEQ) requirements is essential.

Double Eagle IV’s flaring submissions to TCEQ have remained consistent. In 2023Q3, there were 3 submissions, followed by a stable rate of 2 submissions each in Q4 2023 and Q1 2024. This indicates that Double Eagle IV maintains a proactive approach to managing gas flaring and adhering to environmental standards.

Well Status Codes in Double Eagle IV Operations

The well operations under Double Eagle IV fall into two main categories:

W – Final Completion: 79 wells have reached final completion, meaning they are fully operational and contributing to production.
Z – Unperfed Completion: 49 wells remain in the unperforated stage, meaning they are completed but not yet fully operational. These wells will likely undergo further development before entering production.

These well status codes provide insight into the development stages of Double Eagle IV’s wells in Reagan County, with a large portion nearing or ready for production.

Ownership Transitions: Pioneer Natural Resources

While Double Eagle IV is the current operator of these wells, it’s worth noting that Pioneer Natural Resources USA, Inc. was listed as the previous owner of several well pad operations. Ownership transitions like this are common in the oil and gas industry, reflecting strategic asset reallocation to optimize production and development.

These changes in ownership could influence the trajectory of future operations, as Double Eagle IV continues to develop these assets with a fresh focus and operational efficiency.

Conclusion: Double Eagle IV’s Strategic Focus in Reagan County

Double Eagle IV’s activity in Reagan County has been significant, with a strong focus on key contractors like Precision 550 and NorAm 30, and sustained well development throughout 2023. While activity peaked in Q3 2023, there was a notable slowdown in Q4, followed by a resumption of steady development in early 2024.

Double Eagle IV’s adherence to regulatory requirements, especially concerning gas flaring, reflects their commitment to environmentally responsible operations. As of March 2024, several wells under their control are nearing the final stages of completion, positioning them for continued production growth.

Reagan County remains a focal point for Double Eagle IV’s operations, and as the year progresses, it will be interesting to see how their development plans unfold. The company’s ability to adapt to market conditions and maintain compliance ensures that they remain a key player in the region’s energy sector.

Stay tuned for more updates as we continue to track Double Eagle IV’s developments in Reagan County!

This post summarizes the operational and regulatory trends for Double Eagle IV in Reagan County, offering a snapshot of their activities and strategic direction. Keep following for future insights into the company’s well operations and environmental initiatives!