Eagle Ford Production Expected to Decline
The EIA (U.S. Energy Information Administration) is predicting that production in the Eagle Ford will experience a steep decline in July.
Related: Eagle Ford Counties Lead Production
Oil output in the biggest producing shale areas in the country is predicted to fall 4.7% by July 2016—compared to May 2016 levels, with the biggest drop happening in the Eagle Ford shale.
Output for the south Texas region is expected to shrink 58,000 b/d to 1.212 million b/d. Decreases in North Dakota will be 28,000 b/d and 1.024 million b/d in Wyoming’s Bakken shale,
The Eagle Ford would need 89 rigs operating to maintain current production, a long way from the 35 rigs currently running across the region.
Eagle Ford Counties still ranks highest in Texas production for crude oil, total gas and condensate, according to the Texas Railroad Commission. The agency reported that in March, production for was 77,702,710 barrels of crude oil and 638,377,189 mcf (thousand cubic feet) of total gas from oil and gas wells.
Five Eagle Ford counties were in the top ten crude oil producers for the month of March:
- Karnes County leads all Texas crude oil producing counties with 65,103,255 BBLS
- Dewitt County came in second with 5,265,583 BBLS
- La Salle County was third showing 4,776,538 BBLS
- McMullen County came in with 2,936,448 BBLS
- Gonzales County produced 2,690,702 BBLS