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 Play Map

Eagle Ford Shale News

Kinder Morgan, Copano enter gas services agreement with SM Energy in Eagle Ford shale

Jul 6, 2010

Eagle Ford Gathering LLC, a 50/50 joint venture between Kinder Morgan Energy Partners LP and Copano Energy LLC has executed a definitive long-term gas services agreement with SM Energy Co. for gas in the Eagle Ford shale.

OGFJ100P company update

Jul 1, 2010 Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P companies.

India’s Reliance partners with Pioneer to enter Eagle Ford Shale

Jun 24, 2010

Eagleford Energy acquires interest in Zavala County, Texas

Jun 16, 2010

Toronto, Canada-based Eagleford Energy Inc. has acquired from an arms length party a 10% working interest (7.5% net revenue interest) before payout and a 7.5% working interest (5.625% net revenue interest) after payout of production of the sum of $15,000,000 gross in a Mineral Lease comprising approximately 2,629 gross acres of land in Zavala County, Texas (the Matthews Lease).

Lucas Energy adds Eagle Ford acreage

Jun 16, 2010

Houston-based Lucas Energy Inc. has acquired approximately 2,000 additional acres in the Eagle Ford - Austin Chalk Trend area.

KKR, Hilcorp partner to develop Eagle Ford acreage

Jun 14, 2010

Kohlberg Kravis Roberts & Co. and Hilcorp Energy Co., a privately owned oil and gas exploration and development company based in Houston, have signed an agreement for KKR to invest up to $400 million in Hilcorp Resources LLC, a newly formed partnership created to own and develop Hilcorp’s oil and gas properties located in the Eagle Ford Shale trend of South Texas.

Magnum Hunter, Hunt Oil to jointly explore Eagle Ford

May 26, 2010

Magnum Hunter Resources Corp. has signed a joint operating and exploration agreement with privately-held Hunt Oil based in Dallas, Texas. In the April issue of OGFJ, Hunt Oil ranked No. 12 in the list of top privately held companies based on year to date production.

Kinder Morgan Energy Partners, Copano Energy sign Eagle Ford Shale JV

May 17, 2010

Oil and gas midstream companies Kinder Morgan Energy Partners LP and Copano Energy LLC have entered into agreements for Eagle Ford Gathering LLC, a 50/50 joint venture to provide gathering, transportation and processing services to natural gas producers in the Eagle Ford Shale resource play in South Texas.

Enterprise, Duncan Energy to expand facilities related to Eagle Ford production

May 13, 2010

As part of a plan to expand midstream infrastructure to handle natural gas production from the South Texas Eagle Ford shale play, Enterprise Products Partners LP and Duncan Energy Partners LP will expand their jointly-owned South Texas Shoup and Armstrong facilities, which provide natural gas processing and natural gas liquids fractionation services.

Rosetta Resources’ inventory of Eagle Ford shale net risked resources up 60%

May 8, 2010

Rosetta Resources Inc. provided an update and outlook on its Eagle Ford shale activity.

Analysis: Goodrich Petroleum acquires Eagle Ford, Haynesville acreage

Apr 14, 2010

Goodrich Petroleum Corp. has agreed to purchase leasehold in both the Eagle Ford and Haynesville shale plays. Jefferies & Co. shares thoughts on the deals.

Pioneer drills third successful Eagle Ford Shale well

Mar 24, 2010

Pioneer Natural Resources Co. has drilled its third successful well in the Eagle Ford Shale in South Texas.

ExxonMobil cases first Point Thomson well

Mar 1, 2010 ExxonMobil Production Co. has successfully drilled and cased PTU-15, the first development well for the Point Thomson project on Alaska's North Slope.

Magnum Hunter sets $25M 2010 budget

Feb 5, 2010

Magnum Hunter Resources Corp. has approved an initial 2010 capital budget of $25 million. Most of the budget is set for exploration and development activities associated with the company’s acquisition of assets of Triad Energy Corp.

International markets driving revenue growth, margins for Geokinetics

Feb 1, 2010 It could be one of the largest discoveries in decades on the Gulf of Mexico, said McMoRan Exploration of an exploratory well drilled recently on the Davy Jones prospect offshore Louisiana.

 

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