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Eagle Ford, Texas Overview

Eagle Ford, Texas

in figures

Oil Production1.44 million bopd

Gas Production77.8 bcm

Eagleford: Hydrocarbons renaissance

Since 2008, the Eagle Ford, Texas has become the world’s most active shale play and with the Bakken, Marcellus, Utica, Niobrara and Permian shales has transformed the US’s place in the global energy matrix.

The Lone Star state is estimated to have total reserves of 7 billion-10 billion barrels of oil. With more than 250 oilrigs, Texas has one of the largest concentrations of rigs in the country. As of January 2013, the 27 petroleum refineries in Texas had a capacity of more than 5.1 million barrels of crude oil per day and accounted for almost 29 percent of total US refining capacity.

Yet high costs have prompted many firms, such as super-major Shell, to pull out of the shale play completely.

Nonetheless, Eagle Ford is politically and economically placed to contribute to the bright future of US energy production. Thanks to its shale boom, the US could become the world’s biggest oil producer by 2020 and achieve hydrocarbon self-sufficiency by 2035.

Woodside hints at Texas LNG facility
NEWS
Eagle Ford, Texas - February 26, 2016

Australian independent Woodside Energy signed a non-binding project development agreement with the LNG division of the US’…

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Empyrean gives up Sugarloaf
NEWS
Eagle Ford, Texas - January 19, 2016

Empyrean Energy will divest from the Sugarloaf AMI, the US exploration and production company announced Tuesday.

The company…

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Eagle Ford, Texas books

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Pantheon encounters pay at Eagle Ford
NEWS
Eagle Ford, Texas - January 12, 2016

Pantheon Resources has hit pay while testing its oil well in Texas’ Eagle Ford, but was unable to get production numbers due…

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Sabine bankruptcy amid falling oil prices
NEWS
Eagle Ford, Texas - July 16, 2015

Exploration and production entity Sabine Oil and Gas has filed for bankruptcy, after failing to establish financial stability…

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US Shale Plays and Basins Map

Eagle Ford, Texas maps

US Shale Plays and Basins

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Genesis buys Enterprise pipelines for $1.5 bln
NEWS
Eagle Ford, Texas - July 16, 2015

Houston-headquartered Genesis Energy announced plans to purchase the offshore pipeline and service component of hydrocarbons…

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BHP Biliton projects $2-bln US writedown
NEWS
Eagle Ford, Texas - July 15, 2015

BHP Billiton has reported a $2 billion post-tax write down, largely associated with the entity’s Hawkville gasfield, located in…

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Ring’s Delaware Basin acreage purchase
NEWS
Eagle Ford, Texas - May 27, 2015

Texas-based independent exploration and production company Ring Energy has announced a purchase and sale agreement for wells and leaseholds on 14,000 net acres in the…

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IEA says oil supply still rising
NEWS
Eagle Ford, Texas - May 13, 2015

The global supply of oil is still on the rise despite a slowdown in US shale oil production, the International Energy Agency (IEA) said in its Oil Market Report for…

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Noble Energy to acquire Rosetta Resources
NEWS
Eagle Ford, Texas - May 11, 2015

Noble Energy will acquire fellow US independent Rosetta Resources, the company announced on Monday.

Noble Energy said in a press release it had made a definitive…

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