Eagle Ford Consortium Highlights

Just a few thoughts from the Eagle Ford Consortium Conference last week:

  • Production is outpacing expectations – Almost double early predictions from UTSA
  • Housing remains a concern, but investors are beginning to consider major multi-family developments
  • Peak drilling in the Eagle Ford is expected at 2,500-3,000 wells per year
  • The success/economics of downspacing will ultimately decide how far we go below the range of 65-130 acre spacing currently
  • More than 70,000 direct Eagle Ford Shale jobs will be created by 2020
  • Permits issued over the past three years in the Eagle Ford have gone 2009 – 94; 2010 > 1,000; 2011 > 3,000
  • In the most active counties, sales tax revenue increases have been as high as 500%
  • Oil prices remain the major risk to development

UTSA is currently working on an updated economic impact study and the expectation is for almost all figures to be revised upwards. The new study will be out in April.

Use the comments below to share your thoughts and notes from the conference. I only hit on the major themes I heard from talking to everyone in San Antonio.

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R.T. Dukes

R.T. Dukes

Managing Editor at EagleFordShale.com
R.T. is the managing editor of EagleFordShale.com. In prior roles, he advised major oil companies on strategy, the macro business environment, and opportunity screening. 2503 Robinhood, Houston, TX, 77005, U.S.A. | Telephone: 832.429.4790

Comments

  1. Steve T. Finch says:

    Is there any drilling activity scheduled for the Black Hill Area of Atascosa County

  2. Colleges reported seeing a decrease in their traditional-field credit classes because of the huge increase in specialized trailing for the oil and gas companies. The Texas Workforce Commission stated that it is seeking several grants to help communities benefit from EFS by providing avenues to learn the specialized skills needed to enter the oil and gas industry. The US Representatives present all commented on moving communities forward with good planning and government assistance to ensure the benefits of the shale are seen for years to come.

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