Eagle Ford Oil Production Up 70% in January 2013

Normal Revisions Place Oil Production Above 420,000 b/d

EagleFordMaps-300x250-CInitial reports for Eagle Ford production from the Texas RRC show the play produced more than 370,000 b/d of oil in January.

Initial estimates have been consistently revised by 40,000 to 50,000 b/d over the past six months, so we believe actual oil production was more than 420,000 b/d. That represents growth of approximately 70% over the past twelve months.

Production in January 2012 was just 248,000 b/d. For reference, the state of Texas is producing about 2 million b/d. The Eagle Ford represents over 20% of the state’s oil production. That’s impressive for a play that was only discovered four years ago.

Initial reports from December 2012 have been revised from 385,000 b/d to 417,000 b/d.

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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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