Eagle Ford oil production crossed 600,000 b/d for the first time in May 2013. Initial reports to the Texas Railroad Commission total more than 580,000 b/d. With revisions and late reporting almost every month has been revised upward by 30,000-50,000 b/d.
The U.S. produced 7.3 million b/d of crude oil in April, so the Eagle Ford accounts for more than 8% of all oil produced across the country. The Eagle Ford is quickly gaining on other shale plays and will likely match and surpass Bakken production sometime in the next two years. [Read more…]