A recent article published at Motley Fool shared “5 Mind Blowing Facts About the Eagle Ford” and we thought they were worth sharing here.
If you aren’t intimately familiar with the Eagle Ford, you might be surprised to hear it could be the largest onshore discovery EVER in the U.S. and more capital is invested in the play than any other oil & gas development in the world.
The takeaways include the following:
- If the Eagle Ford lives up to its potential and reserves are greater than 10 billion barrels, it will be the largest U.S. onshore discovery ever
- It’s the fastest growing shale play in the world and has grown to almost 700,000 b/d of oil production in five years since its discovery
- Light, sweet crude oil production near the Gulf Coast petrochemical complex make it more valuable than other grades that must be transported longer distances
- Wells are getting cheaper as companies gain experience and shift to pad drilling
- More is invested in the Eagle Ford than any other play in the world – Eagle Ford Capital Spending Makes the Play To the Largest in the World
Read more at fool.com