Eagle Ford

Eagle Ford Shale Description ImageThe Eagle Ford shale formation in South Texas runs from the US-Mexico border north of Laredo in a narrow band extending northeast for several hundred miles to just north of Houston. It is located directly below the Austin Chalk. The average thickness of the Eagle Ford shale is about 475 feet. The more active part of the region is mainly in McMullen, Maverick, Dimmit, La Salle, Karnes, Live Oak, and Atascosa counties. The formation produces both natural gas and oil, but it is the oil-producing and gas condensate areas that are hottest right now.

Houston-based Apache Corp. and EOG Resources are two of the largest lease-holders in the Eagle Ford. Other major players include Petrohawk, Swift Energy, ExxonMobil, ConocoPhillips, Murphy Oil, Chesapeake, Cabot Oil & Gas, and Pioneer Natural Resources.

Eagle Ford Shale Map

Eagle Ford Shale News

BHI: US rig count cut in more than half since Dec. 5

Apr 17, 2015

The US drilling rig count fell 34 units—all on land—to 954 rigs working during the week ended Apr. 17, according to data from Baker Hughes Inc.

IHS: Eagle Ford completions pending

Apr 13, 2015

US oil producers operating in the Eagle Ford shale in South Texas built an inventory of nearly 1,400 drilled but uncompleted (DUC) wells, said an analysis from IHS, which noted that the most promising of these wells belong to a few operators.

BHI: US rig count falls under 1,000 for first time since 2009

Apr 10, 2015

After noticeably slowed declines over the previous 2 weeks, the US drilling rig count fell 40 units to 988 rigs working during the week ended Apr. 10, settling under 1,000 for the first time since Sept. 11, 2009, according to data from Baker Hughes Inc.

Flint Hills advances Texas refinery expansion

Apr 10, 2015

Flint Hills Resources, a unit of Koch Industries Inc., has let a contract to KBR Inc., Houston, for work related to Project Eagle Ford (PEF), a $600 million project designed to increase processing capabilities for US light crude oil production at its 230,000-b/d West refinery in Corpus Christi, Tex.

BHI: US rig count decline slows; production increases

Apr 2, 2015

The US drilling rig count dropped 20 units—with just slightly more than half targeting oil—to settle at 1,028 rigs working during the shortened week ended Apr. 2, according to data from Baker Hughes Inc.

Private equity options during oil price downturn

Mar 31, 2015

The precipitous drop in crude oil prices since June 2014 has left many growth-stage upstream oil and gas companies requiring new equity investment in order to fund exploration of shale play prospects and existing drilling programs.

EIA: US oil output growth in 2014 largest in more than 100 years

Mar 30, 2015

US crude oil production, including lease condensate, increased during 2014 by 1.2 million b/d to 8.7 million b/d, the largest rise in volume since recordkeeping began in 1900, according to data from the US Energy Information Administration.

BHI: US rig count decline smallest in 15 weeks

Mar 27, 2015

The US drilling rig count dropped just 21 units to settle at 1,048 rigs working during the week ended Mar. 27, representing the smallest decline in 15 weeks, according to data from Baker Hughes Inc.

Analysts: Oil industry dealing with downturn better than years’ past

Mar 26, 2015

Investment bankers and analysts entrenched in the oil and gas industry say US companies have so far staved off the major negative impacts of the current industry downturn better than previous downturns by acting more proactively and aggressively.

BHI: US rig count plunges in 15th straight week, spurred by offshore dropoff

Mar 20, 2015

The US drilling rig count fell 56 units—41 of which targeted oil—to settle at 1,069 rigs working during the week ended Mar. 20, capping off the 15th consecutive week in declines, according to data from Baker Hughes Inc.

BHI: US rig count down in 14th straight week, loses 67 units

Mar 13, 2015

The US drilling rig count plunged 67 units—64 on land and 56 targeting oil—to settle at 1,125 rigs working during the week ended Mar. 13, according to data from Baker Hughes Inc.

EIA: Eagle Ford, Bakken oil production to fall in April

Mar 10, 2015

US shale oil production is expected to increase by a mere 1,000 b/d from March to April, according to the Energy Information Administration’s Drilling Productivity Report (DPR), signifying a slowdown in growth caused by reduced company budgets and a shrinking rig count.

Encana trims additional $700 million from 2015 capital budget

Mar 6, 2015

Encana Corp. is reducing its previously reported capital investment for 2015 by $700 million to $2-2.2 billion "to maintain a solid balance sheet and help strengthen liquidity through a low price environment."

BHI: US rig count plunges 75 units to lowest total since 2009

Mar 6, 2015

The US drilling rig count plunged 75 units—all on land—to settle at 1,192 rigs working during the week ended Mar. 6, according to data from Baker Hughes Inc.

Anadarko cuts spending, stalls well completions

Mar 3, 2015

Anadarko Petroleum Corp. on Mar. 3 said it will cut spending 33% during 2015 compared with 2014 and will reduce drilling and defer 125 onshore well completions in response to low oil prices.

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