Eagle Ford Oil Production Surpasses 500,000 b/d – Up 100%

Oil Production Surpasses Half A Million Barrels Per Day
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Eagle Ford crude oil production surpassed 500,000 b/d in February 2013. Initial reports from the Texas Railroad Commission peg production at ~470,000 b/d and a normal revision next month should put production near 520,000 b/d. That represents growth of approximately 100% over February 2012 production levels of ~270,000 b/d.

For reference, January 2013 production was revised up by almost 90,000 b/d in just one month, but normal revisions range from 40,000-60,000 b/d.

On the other end of the spectrum, natural gas production held virtually flat compared to a year ago at ~1.8 Bcf/d.

A little more than 7 million b/d is produced across all of the US, so the Eagle Ford accounted for more than 7% of US supply in February.

Industry analyst estimate the Eagle Ford is producing more than 800,000 b/d of crude oil, condensate, and NGLs

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 more than 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

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