
US midstream company Enterprise Products announced on Monday that it will buy Eagle Ford Shale (EFS) Midstream assets from US oil and gas independent Pioneer Natural…
READ MOREOil Production1.44 million bopd
Gas Production77.8 bcm
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.
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The company…
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READ MOREUS midstream company Enterprise Products announced on Monday that it will buy Eagle Ford Shale (EFS) Midstream assets from US oil and gas independent Pioneer Natural…
READ MORETexas-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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READ MORENoble 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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