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

ConocoPhillips reports higher 2013 earnings, expects higher production in 2014

Jan 31, 2014

ConocoPhillips reported full-year earnings of $9.2 billion in 2013, an increase from the $8.4 billion totaled in 2012, which included $1.2 billion from downstream operations before the separation of Phillips 66 on Apr. 30.

Southcross starts construction on new Eagle Ford pipeline

Jan 30, 2014

Southcross Energy Partners LP has begun construction on the $125 million, 300-MMcfd Webb pipeline in the rich gas area of the Eagle Ford shale in South Texas.

PwC: US M&A activity down in 2013 despite strong finish

Jan 28, 2014

The US oil and gas industry finished 2013 strong when it came to mergers and acquisitions, but the late-year push to a total of 182 deals totaling $115.9 billion wasn’t enough to match the 212 deals worth $152.8 billion in 2012, PwC US Energy Practice said in a report released Jan. 28.

Baker Hughes: US drilling rig count remains at 1,777

Jan 24, 2014

The US drilling rig count was unchanged from a week ago with 1,777 rigs working during the week ended Jan. 24, Baker Hughes Inc. reported.

EIA: Significant events affected oil markets in 2013

Jan 9, 2014

The US Energy Information Administration listed significant events affecting oil markets in 2013.

EIA: Global oil demand to rise 1.2 million b/d in 2014

Jan 8, 2014

Global liquid fuels consumption is forecast to increase by 1.2 million b/d in 2014 and by another 1.4 million b/d in 2015, according to the US Energy Information Administration’s Short-Term Energy Outlook (STEO), released this month.

Murkowski: Ban on US crude oil exports should end soon

Jan 8, 2014

Prohibition of US crude oil and condensate exports is an outmoded policy that should end soon as a first step in an overall energy export reassessment and reforms, US Sen. Lisa Murkowski (R-Alas.) declared.

US land, oil drilling dips to 1,757 units in latest rig count report

Dec 27, 2013

Rigs drilling on land and for oil took the biggest hit in the latest US drilling rig count report, released by Baker Hughes Inc.

Anadarko to move Eagle Ford production on KMCC-Double Eagle

Dec 26, 2013

Anadarko Petroleum Corp. has signed a long-term agreement with Kinder Morgan Crude & Condensate LLC and Double Eagle Pipeline LLC, a 50/50-joint venture of Magellan Midstream Partners LP and Kinder Morgan Energy Partners LP, to transport Anadarko’s Eagle Ford shale production from Gardendale, Tex., in LaSalle County, to the Houston Ship Channel via the KMCC Pipeline.

New Eagle Ford fractionator planned

Dec 20, 2013

Plains All American Pipeline LP, Houston, will build new NGL fractionation and expand existing condensate stabilization in the Eagle Ford play of South Texas, the company has announced.

 

Shell completes Phase 2 of Ho-Ho crude pipeline reversal

Dec 18, 2013

Shell has completed Phase 2 of its project to reverse the flow direction of the Houma-to-Houston (Ho-Ho) Pipeline, with crude production from inland oil plays such as the Eagle Ford, Bakken, and other shales now able to flow from Texas to Louisiana on the line.

Penn Virginia to sell Eagle Ford midstream assets

Dec 16, 2013

Penn Virginia Corp. has entered into a definitive agreement to sell its Eagle Ford shale natural gas midstream assets to a newly formed affiliate of ArcLight Capital Partners LLC for $100 million. The sale is expected to close in first-quarter 2014.

Eagle Ford Briefs

Dec 13, 2013

Eagle Ford tops US oil producers at 1 million b/d

Dec 13, 2013

The Eagle Ford produced 1 million b/d in August and that number is expected to rise to 1.09 million b/d of oil through November, according to a recent report from the US Energy Information Agency (EIA).

Panelists at Houston forum say shale enthusiasm must be kept in perspective

Dec 13, 2013

HOUSTON, Tex.—The idea that the US can achieve energy independence through the exploitation of shale resources may make a good talking point for politicians, but industry experts cautioned against buying into the notion at a recent forum in Houston.

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