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

Howard Energy proposes gas pipeline linking S. Texas to Mexico

Jun 24, 2015

Howard Midstream Energy Partners LLC plans to develop a 200-mile, 30-in. OD natural gas pipeline connecting its existing Webb County Hub in South Texas to Escobedo, Nuevo Leon, Mexico, and the Mexican National Pipeline System in Monterrey.

Merged Houston oil and gas firm skips interest payment

Jun 15, 2015

Sabine Oil & Gas Corp., Houston, which drills for oil and gas in Texas and Louisiana, has decided to skip a $21 million interest payment and enter a 30-day grace period to either make the payment or slip into a debt default.

BHI: US rig count continues fall in 27th straight week

Jun 12, 2015

The US drilling rig count declined 9 units during the week ended June 12 to settle at 859 rigs working, according to data from Baker Hughes Inc.

IHS: Eagle Ford companies schedule wedge production

Jun 12, 2015

Producers working in the South Texas Eagle Ford shale had built an inventory of nearly 1,400 drilled but uncompleted wells (DUC) as of Apr. 10, and IHS researchers said DUCs provide an economic strategy during the oil price downturn for many operators.

RJA: US rig count recovery will be led by three core unconventional plays

Jun 12, 2015

Raymond James & Associates revised its US rig count forecast, noting it expects a 2016 recovery will be disproportionately weighed toward horizontal drilling units in three shale plays: the Permian, Eagle Ford, and Bakken.

Eagle Ford briefs

Jun 11, 2015

Noble Energy Agrees to enter Eagle Ford shale, Permian Basin By Acquiring Rosetta Resources

Jun 11, 2015

Noble Energy Inc. agreed to buy smaller rival Rosetta Resources Inc. for $2.1 billion in a stock transaction. The two companies, both of Houston, said the merger marked Noble's entry into the South Texas Eagle Ford and also the Permian basin.

EIA: Eagle Ford's Eagleville oil field largest in US

Jun 11, 2015

Eagleville field in the South Texas Eagle Ford shale is the largest US oil field, the Energy Information Administration said in a recent supplement to an earlier report, "US Crude Oil and Natural Gas Proved Reserves, 2013."

EIA: US shale oil output to decline 91,000 b/d in July

Jun 9, 2015

Crude oil production in July from seven major US shale plays is expected to drop 91,000 b/d to 5.49 million b/d compared with June, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR). The forecasted decline is up 5,000 b/d compared with June’s decline from May.

BHI: US rig count continues steady but shrinking decline

Jun 5, 2015

The US drilling rig count dropped 7 units during the week ended June 5 to settle at 868 rigs working, according to data from Baker Hughes Inc.

EPP acquires Eagle Ford midstream assets

Jun 1, 2015

Enterprise Products Partners LP (EPP), Houston, has executed agreements to purchase all of the member interests in EFS Midstream LLC from affiliates of Pioneer Natural Resources Co., Irving, Tex., and Reliance Industries Ltd., Mumbai, for $2.15 billion. The companies announced last year their desire to divest EFS Midstream.

Apache to reorganize into three regions

Jun 1, 2015

Apache Corp. reported plans to restructure the company into three “super regions” following a series of acquisitions and divestitures over the last 5 years.

EIA: US natural gas net imports lowest since 1987

Jun 1, 2015

US net imports of natural gas totaled 1,171 bcf in 2014, down 9% from the level in 2013 and continuing an 8-year decline, according to the US Energy Information Administration. This was the lowest level since 1987.

US unconventional oil responds to low-price environment

Jun 1, 2015

Deferred and cancelled investments in US shale oil fields could in 2-3 years begin creating an environment in which new supplies are less plentiful, causing baseline oil prices to move closer to $100/bbl.

BHI: US rig count declines 10 units, falls below nadir of 2008-09 downturn

May 29, 2015

The US drilling rig count dropped 10 units during the week ended May 29 to settle at 875 rigs working, falling below the nadir of the 2008-09 downturn by a single unit, according to data from Baker Hughes Inc.

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