Eagle Ford Facts That Might Surprise You

The Eagle Ford Is A Great Play That Is Getting Better
Eagle Ford Shale Map

Eagle Ford Shale Map – Click to view larger version

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

Heard At The Eagle Ford Well & Frac Design Conference – Day 1

6,000+ Wells Drilled And It's Still Early In The Life Of The Eagle Ford
Eagle Ford Well & Frac Design Conference

Eagle Ford Well & Frac Design Conference

We spent yesterday afternoon at the Eagle Ford Well & Frac Design Conference in Houston. The biggest takeaway was it is still early in the life of the Eagle Ford and operators are learning more with every well. Don’t be surprised if the extent of the Eagle Ford grows as more is learned. [Read more…]

Eagle Ford Shale Well Map – TX RRC – May 2013

Just Under 5,000 Producing Wells & 5,000+ Eagle Ford Permits To Date
Eagle Ford Shale Well Map

Eagle Ford Shale Well Map – May 2013 | Click to Enlarge

An updated Eagle Ford well map was published by the RRC in mid-May.

Over a 98 day period between February and May, an average of almost 8 oil wells and almost 5 gas wells came online per day. It is obvious higher gas prices have been welcomed during the first half of the year.

The number of gas wells online has grown by almost 50% in just over three months.

Between February and May:

  • 768 oil wells came online – 3,462 producing
  • 448 gas wells came online – 1,443 producing
  • 5,497 permits had been approved and were pending development
  • More than 10,402 well permits have been drilled or are pending. Permits expire after two years, so many more have have been permitted over the past five years.

Data from the RRC is always a little delayed, so the numbers reflected are not be 100% accurate. The RRC is at the mercy of companies reporting data in a timely fashion. I suspect we have well over 5,000 producing Eagle Ford wells today.

Eagle Ford Well Map – TX RRC – February 2013

Over 8,000 Permits Have Been Issued Since 2008
Eagle Ford Shale Well Map February 2013

Eagle Ford Shale Well Map February 2013 | Click to Enlarge

An updated Eagle Ford well map was published by the RRC at the beginning of the  month. [Read more…]

TX RRC Eagle Ford Well Map – Dec 2012

211 Eagle Ford Wells Were Brought to Production in Less Than a Month
Eagle Ford Shale Well Map

Eagle Ford Shale Well Map Dec 2012 | Click to Enlarge

The Texas Railroad Commission’s Eagle Ford Shale well map was updated with the most recent data through December 11, 2012. [Read more…]

Texas Railroad Commission Eagle Ford Well Map – November 2012

More than 5 wells per day were brought online since July
Eagle Ford Shale Well Map

Eagle Ford Shale Well Map – Nov 2012 | Click to Enlarge

The Texas Railroad Commission’s Eagle Ford Shale well map was updated with the most recent reported data through November 12, 2012.

Since July 3, the commission has issued 661 permits. That’s a little more than 5 permits per day over a period of ~130 days.

A total of 3,107 wells had been reported producing as of November 12. That’s 574 more oil wells and 133 more gas wells than we had as of June. Interestingly, that’s a pace of more than 5 wells coming online per day.

Data from the RRC is always a little delayed, so I suspect we’re closer 4,000 than 3,000 wells producing at year-end 2012.

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