
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…
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.
Reliance Industries has announced the sale of its Eagle Ford shale plays to Ensign Operating III, the Indian multinational…
READ MOREChesapeake Energy has struck a deal to acquire WildHorse Resource Development for USD 3.98 billion, the companies announced on…
READ MOREBP on Friday announced a “transformational deal” to acquire Petrohawk Energy Corporation, a BHP subsidiary in the USA, for USD 10.5 billion.
The assets include…
READ MOREPemex and US company Lewis Energy have signed an agreement worth USD 617 million to explore and develop an area of the Mexican side of the Eagle Ford shale play, the…
READ MOREMexico could hold an auction for shale oil and gas blocks before the end of the year, the president commissioner of the country’s oil and gas regulator said on…
READ MORETumbur Parlindungan, the president-director of Saka Energi (SEI), about upstream activity in the market, Indonesia’s permitting process and areas with potential for…
READ MORESince 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…
READ MOREEzequiel L. Mirazón, PwC’s energy, utilities and mining leader in Argentina, talks to TOGY about the trends, opportunities and challenges in the domestic oil and gas…
READ MORESince 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…
READ MOREJuan Carlos Zepeda, president commissioner of Mexico’s National Hydrocarbons Commission (CNH), talks to TOGY about Round 1.4, the agency’s response to industry…
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