Eagle Ford Oil Production Surpasses 400,000 b/d – Up Almost 100%

October Production Has Been Revised to More Than 375,000 b/d
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Eagle Ford oil production is up almost 100% from November 2011 to November 2012. The Texas Railroad Commission’s initial reports for November have the play producing ~358,000 b/d of crude oil. Other recent estimates have been revised up by approximately 50,000 b/d in the three months following initial reports. If that trend continues, crude oil production will fall between 405,000-410,000 b/d when more wells are reported.

For reference, August production was revised from an initial report of ~320,000 b/d to ~380,000 b/d and October production has been revised from ~323,000 b/d to ~376,000 in one month since initial reports.

Remember, liquids reported by the TX RRC are measured at the wellhead. Additional condensate and natural gas liquids will be gathered further downstream in separators and processing plants. Industry analyst estimate the Eagle Ford is producing between 700,000 and 800,000 b/d of crude oil, condensate, and NGLs.

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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. Jay Derenthal says:

    So much for the ND Bakken overtaking Texas any time soon!

  2. R.T. Dukes RT Dukes says:

    It’s worth noting, October should come really close to 400,000 b/d as more wells are reported in the coming days/months.

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