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
New completion techniques enter Eagle Ford Shale but overall costs remain elevated
Apr 12, 2011
New technologies are making their way to the popular Eagle Ford Shale in South Texas, along with an overall increase in costs, reported Jefferies & Co. Inc. in an April 12 research report highlighting shale play updates from companies presenting at this year’s IPAA OGIS East conference in New York. |
Bering assesses newly-acquired Eagle Ford Shale acreage
Apr 7, 2011
In hopes of defining an initial drilling program, Houston-based Bering Exploration Inc. has begun a geological assessment on its 1,200 gross acres targeting the Eagle Ford Shale play in Central Texas. |
Private equity firms to give Eagle Ford focused BlackBrush, TexStar Midstream a boost
Mar 28, 2011
EIG Global Energy Partners (EIG) and HM Capital Partners (HM) will form a new partnership to grow the Eagle Ford shale-focused BlackBrush Oil & Gas LP and TexStar Midstream Services LP. |
EF Energy acquires Eagle Ford leases, names management team
Mar 24, 2011
Houston-based EF Energy LLC , a private equity-backed company, has acquired about 30,000 acres in the Eagle Ford Shale since its founding in June 2010. |
Korea to earn $1.55B stake in Eagle Ford Shale via Anadarko
Mar 22, 2011
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As production rate rises, Swift Energy enters South Texas midstream agreement
Mar 9, 2011
To meet with its growing production in South Texas, Swift Energy has entered a long-term agreement for natural gas gathering, processing and transportation services in the area with Southcross Energy GP LLC and its affiliates. |
Study shows Eagle Ford Shale generated $3 billion in revenue in South Texas in 2010
Feb 24, 2011
In less than three years of development, the Eagle Ford Shale already accounts for more than 6% of the Gross Regional Product for the 24-county South Texas area it encompasses, according to a study released Feb. 24 by the Center for Community and Business Research at the University of Texas at San Antonio Institute for Economic Development. |
Flint Hills Resources to expand Eagle Ford oil shipping capacity
Feb 17, 2011
Expanding it's ability to ship production from the Eagle Ford Shale, Flint Hills Resources was given the green light to add assets making it possible for the refining and chemicals company to ship up to 200,000 barrels per day of crude oil and condensate from its terminal in Ingleside. |
Kinder Morgan, Copano enter Eagle Ford Shale agreement with Anadarko
Feb 3, 2011
Eagle Ford Gathering LLC has executed a definitive long-term agreement to provide natural gas gathering, transportation, processing and fractionation services to Anadarko E&P in the Eagle Ford Shale. |
Anadarko Petroleum takes top producer spot in Eagle Ford Shale
Feb 1, 2011
Anadarko Petroleum Corp. recently reported in-house record production of 235 MMboe for the fourth quarter 2010. The 7% increase in full-year production is attributed to sales volumes from the Rocky Mountain region and growth in various shale plays, including the Marcellus Shale and Eagle Ford Shale. |
Copano Energy expands its Eagle Ford Shale capabilities
Jan 18, 2011
Copano Energy LLC has executed agreements increasing Copano’s capability to handle natural gas liquids associated with growing natural gas volumes from the Eagle Ford Shale in South Texas. |
Rock Oil uses private equity commitment to fund Eagle Ford joint venture
Jan 12, 2011
Rock Oil Co. LLC recently reported closing of two equity commitments with proceeds going to fund a joint venture for Eagle Ford shale development. |
Magnum Hunter posts impressive Eagle Ford results
Jan 11, 2011
Magnum Hunter Resources recently reported results from Gonzales and Atascosa in the Eagle Ford shale. |
Kinder Morgan-Copano JV will expand capacity in Eagle Ford Shale
Jan 6, 2011
Houston-based Kinder Morgan Energy Partners LP and Copano Energy LLC will expand the scope of their Eagle Ford Gathering LLC joint venture. |
Rosetta Resources shifting focus to Eagle Ford Shale
Jan 5, 2011
Houston-based Rosetta Resources Inc. announced its capital budget for 2011 on Jan. 11 and made clear that the company will shift its focus to the Eagle Ford Shale in South Texas. |
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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