Eagle Ford
The 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
Magnum Hunter secures Marcellus takeaway with DCP Midstream JV
Sep 17, 2010
Through its wholly-owned subsidiary, Eureka Hunter Pipeline LLC, Magnum Hunter Resources Corp. has signed a Marcellus shale gas gathering joint venture agreement with DCP Midstream Partners LP and is now turning its sights on well testing. |
Merrick Systems software to address challenges specific to Eagle Ford shale
Sep 16, 2010
Merrick Systems, a provider of industrial information technology for the oil and gas industry, is growing its footprint in shale oil and gas plays, expanding the capabilities of ProCount, its hydrocarbon accounting software, to handle challenges specific to Eagle Ford shale. |
Canadian Doxa Energy reports progress in Eagle Ford shale
Sep 9, 2010
Vancouver-based Doxa Energy Ltd. has provided a progress report on its Epley and Peeler projects in the Eagle Ford shale play of South Texas. |
Eagle Ford Oil & Gas to sell South Texas Wilson Field interest
Sep 1, 2010
Houston-based Eagle Ford Oil & Gas Corp. has reached an agreement to divest the working interest in the Wilson Field in South Texas to a Houston-based oil and gas company. |
Sale of Australian assets helps transform Gastar
Sep 1, 2010
INTERVIEW WITH J. RUSSELL PORTER, PRESIDENT AND CEO OF GASTAR EXPLORATION
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Penn Virginia buys into Eagle Ford with $31.1M
Sep 1, 2010
Penn Virginia Corp. has acquired roughly 6,800 net Eagle Ford Shale acres located primarily in Gonzales County, Texas for $31.1 million.
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Falcon Technologies begins Marcellus shale operations
Aug 31, 2010
Falcon Technologies and Services Inc. - a subsidiary of Carbo Ceramics Inc. and provider of custom spill prevention, control and countermeasure systems - has started operations in the Marcellus shale resource play. |
EUR analysis shows reasonable Eagle Ford shale results for EOG Resources
Aug 27, 2010
A recent analysis of EOG Resources' EUR (estimated ultimate recovery) expectations in the Eagle Ford shale by Jefferies & Co. Inc. shows that the results are “reasonable” and that play is “quite robust from a return perspective.” |
Capstone Turbine receives microturbine order for Eagle Ford shale developer
Aug 23, 2010
Capstone Turbine Corp., a producer of low-emission microturbine systems, recently received an order for 18 C65 microturbines for a large independent oil and natural gas company operating in the Eagle Ford shale play. |
Abraxas, Blue Stone sign $100M Eagle Ford shale JV
Aug 20, 2010
Abraxas Petroleum Corp. has signed a joint venture agreement with Denver-based exploration and production start-up company Blue Stone Oil & Gas LLC to develop the Eagle Ford Shale play in South Texas. |
Penn Virginia enters Eagle Ford shale with $31.1M acquisition
Aug 13, 2010
Penn Virginia Corp. has entered another hot unconventional resource area by buying into 6,800 net Eagle Ford Shale acres located primarily in Gonzales County, Texas for $31.1 million. |
Swift Energy Eagle Ford momentum slows in 2Q10
Aug 5, 2010
Swift Energy (NYSE: SFY) released its 2Q10 financial statements, and with that, results of the Houston-based company’s drilling efforts in South Texas and the Eagle Ford shale. |
Wapiti pays $130M for certain unconventional resource assets from Delta Petroleum
Aug 4, 2010
Wapiti Oil & Gas LLC has purchased of $130 million in oil and gas exploration and development assets from Delta Petroleum Corp. |
Petrohawk reduces Haynesville rig count to concentrate on liquids-rich Eagle Ford
Aug 1, 2010
Houston-based Petrohawk Energy, the 22nd largest US producer in total assets and the 19th in stockholder equity, is the No. 1 producer in the fast-developing Eagle Ford Shale play in South Texas.
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Chesapeake, Petrohawk continue to dominate in Haynesville Shale
Aug 1, 2010
Chesapeake Energy takes honors as the top-producing operator in the Haynesville Shale play in northwest Louisiana and northeast Texas.
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The “natural gas revolution” is changing global energy dynamics, including the outlook for energy security in the United States and elsewhere. In his keynote speech to the annual 31st annual CERAWeek Executive Conference in Houston, Peter Voser, CEO of Royal Dutch Shell plc, outlines what the industry and policymakers must do to ensure society fully leverages the many benefits of natural gas. He calls for well-targeted and robustly enforced regulations to ensure tight and shale gas production meets the highest standards. He also urges the industry to do a better job of listening and responding to public concerns about the environmental and operational challenges associated with gas production.
Read the full speech by Peter Voser here.
The total value of US oil and gas mergers and acquisitions increased significantly in 2011 due to continued investment in US shale plays and related infrastructure, sustained interest from foreign buyers, and private equity entrants deploying capital in the energy industry, according to an analysis of energy M&A data by PwC US. A major trend in the energy sector driving the increase in deal value throughout the year was a shift towards more investments in oil and liquid plays as natural gas prices remained depressed amid hitting a 10-year low in 2011.
Read more here.
Can the shale gas r
evolution currently taking place in the US be repeated elsewhere? Although significant volumes of unconventional gas deposits are present in Poland, France, Germany, Hungary, Sweden, Turkey, and the UK, shale gas developments are running many years behind their counterparts in the US. Skeptics have pointed out that differences in geology, taxes, public acceptance, environmental regulations and other factors in Europe vs. the US make for a tougher environment in which to develop unconventional resources.
Read the article by Bart J. A. Willigers of Palantir Solutions Ltd. here.
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