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

JV agreements played key role in 2011 E&P funding

Feb 8, 2012

Following a rise in popularity in the oil and gas upstream sector in 2010, joint venture agreements played a dominant role as a source of low cost funding in 2011—with unconventional resources drawing the most attention, noted analyst at Stifel Nicolaus.

Southcross expands natural gas processing complex in Eagle Ford area

Feb 8, 2012

To expand its ability to serve oil and gas producers operating in the Eagle Ford Shale, Southcross Energy has begun construction of a fractionator and natural gas liquids and residue pipeline outlets in South Texas.

Global NuTech acquires Texas Gulf Oil and Gas

Feb 1, 2012

Global NuTech Inc. has acquired 100% of the stock of Houston, Texas-based Texas Gulf Oil & Gas Inc.

Texcom opens new liquid disposal site in heart of Eagle Ford Shale

Jan 25, 2012

Houston-based TexCom Inc., an environmental services company for the oil and gas industry, has opened its new liquid disposal site, owned and operated by its wholly owned subsidiary Eagle Ford Environmental Services LLC.

Demand for Eagle Ford acreage continues as Marubeni buys share from Hunt Oil

Jan 9, 2012

Marubeni Corp. recently became Japan’s largest owner of American shale oil acreage when it announced it had acquired nearly 52,000 net acres in the Eagle Ford Shale from Dallas-based Hunt Oil.

Penn Virginia expands in Eagle Ford

Dec 21, 2011

Penn Virginia Corp. said December 20 that it completed an agreement with an undisclosed major oil and gas company to jointly explore the Eagle Ford Shale in Lavaca County, Texas.

 

Sanchez prices IPO at $203M

Dec 14, 2011

Sanchez Energy Corp. has priced its initial public offering of 10,000,000 shares of its common stock at $22.00 per share for net proceeds, after underwriting discounts and commissions and estimated offering expenses, of approximately $203 million.

Eagle Ford activity doubles in 2011, tests move into Louisiana

Dec 12, 2011

The Eagle Ford Shale in South Texas has seen incredible growth over the year, and signs point toward an even greater expansion–including into Louisiana, noted Global Hunter Securities (GHS) in a December 12, 2011 note to investors.

Rosetta Resources to allocate $590M of $640M 2012 budget to Eagle Ford activities

Dec 12, 2011

Rosetta Resources Inc. has just announced the approval of its 2012 capital budget of $640 million which includes approximately $590 million allocated for activities in the liquids-rich window of the Eagle Ford shale in South Texas.

Eagle Ford focused Sanchez Energy commences IPO

Dec 5, 2011

Sanchez Energy Corp., an independent exploration and production company focused on the Eagle Ford Shale in South Texas, has commenced an initial public offering of 10,000,000 shares of its common stock.

Magnum Hunter pushes Eagle Ford completions with longer laterals, greater frac stages

Dec 1, 2011

An Eagle Ford Shale activity update by Magnum Hunter Resources Corp. is marked with improved initial production rates driven by longer lateral lengths and greater frac stages.

Kinder Morgan to acquire treating company in Eagle Ford Shale for $155 million

Oct 24, 2011

On Oct. 24, Kinder Morgan Energy Partners LP signed a definitive purchase and sale agreement to acquire SouthTex Treaters, a leading manufacturer, designer, and fabricator of natural gas treating plants that remove CO2 and H2S, for approximately $155 million.

Carrizo strikes deal with India's Gail to monetize producing Eagle Ford Shale assets

Sep 29, 2011

Carrizo Oil & Gas Inc. has entered a $95 million unincorporated joint venture with India's GAIL for a 20% working interest in roughly 20,200 net acres located in LaSalle County, TX targeting the Eagle Ford Shale.

Robertson to Join Marathon Oil as regional VP for South TX, Eagle Ford

Sep 22, 2011

Marathon Oil Corp. will add Lance W. Robertson as regional vice president - South Texas/Eagle Ford, effective Oct. 3, 2011.

Crimson Exploration continues Eagle Ford Shale drilling success

Sep 12, 2011

Houston-based Crimson Exploration Inc. said Sept. 12 that it had successfully completed the Littlepage McBride #2H well in Karnes County, Texas, and also the KM Ranch #1H well in Zavala County, Texas. Both wells were drilled into the South Texas Eagle Ford shale formation.