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
Eagle Ford Shale continues to heat up, companies looking to hire thousands
Sep 1, 2011
The Eagle Ford Shale in South Texas continues to be one of the hottest of all the North American shale plays.
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New to energy, Circle Star acquires Texas assets
Jul 7, 2011
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In final sell down phase, SM Energy makes $680M Eagle Ford deal with Mitsui
Jun 29, 2011
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NuStar and Velocity Midstream will partner on new Eagle Ford Shale pipeline
Jun 28, 2011
A business unit of NuStar Energy said June 27 that it will partner with a midstream company based in Oklahoma to construct a 70-mile pipeline that will have the capacity to transport more than 100,000 barrels of oil per day from the Eagle Ford Shale in South Texas to NuStar’s terminal near Corpus Christi, Texas. |
Howard Energy Partners acquires Eagle Ford Shale assets
Jun 24, 2011
On June 24, Howard Energy Partners (HEP) said it has begun operations with the acquisitions of Texas Pipeline LLC and Bottom Line Services LLC for a total consideration of $76 million. |
Texas RRC awards operating permit to Fountain Quail in Eagle Ford Shale
Jun 21, 2011
Fountain Quail Water Management LLC, a wholly owned subsidiary of Aqua-Pure Ventures Inc., said June 21 that it has received a five-year operating permit from the Railroad Commission of Texas to recycle wastewater in the Eagle Ford Shale. |
Strike joins Eagle Landing Joint Venture for Eagle Ford Shale exploration
Jun 16, 2011
Strike Energy Ltd., along with four Texas-based companies, has signed on with Eagle Landing Joint Venture, securing a 27.5% interest in a joint venture set for Eagle Ford Shale exploration in Texas. |
SM Energy monetizes portion of Eagle Ford shale assets
Jun 14, 2011
SM Energy Co. has reached an agreement with undisclosed buyers to sell a portion of its Eagle Ford Shale position. |
With proceeds from Barnett sale, Carrizo adds Eagle Ford acreage
Jun 6, 2011
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Marathon Oil buys Eagle Ford assets from Hilcorp, KKR partnership for $3.5B
Jun 1, 2011
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ICON Oilfield Services formed; establishes office to serve Eagle Ford shale play
May 31, 2011
A new provider of thru-tubing milling and fishing services – ICON Oilfield Services – has been established with headquarters in Dallas, Texas. The company is currently establishing an office in San Antonio to service the Eagle Ford Shale play. |
Bering applies for license to drill Eagle Ford prospect
Apr 25, 2011
Bering Exploration Inc. has begun the process to be licensed by the State of Texas to conduct drilling and operations in Texas. |
Bering plans initial Eagle Ford Shale drilling
Apr 14, 2011
Bering Exploration Inc. has engaged Dependable Working Partners to provide drilling services for its Eagle Ford Shale play acreage in Central Texas. |
El Paso going solo in Eagle Ford Shale development
Apr 13, 2011
El Paso Corp. has decided to develop its Eagle Ford Shale program without a partner. |
Koch to build pipeline for Eagle Ford Shale production
Apr 12, 2011
Koch Pipeline Co. LP plans to build a crude oil pipeline from Pettus, Texas to Corpus Christi, Texas to move more Eagle Ford Shale production. |
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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