There are multiple, rapidly growing unconventional oil and gas plays across the U.S., but the Eagle Ford Shale in South Texas stands above the crowd.
There are multiple, rapidly growing unconventional oil and gas plays across the U.S., but the Eagle Ford Shale in South Texas stands above the crowd because of its heavy liquids content, sprawling existing and proposed infrastructure, high initial oil production rates and proximity to some of the largest energy markets in North America.
Eagle Ford offers geology favorable to rapid development. Its production also is near many existing processing and fractionation plants and multiple pipelines and other infrastructure. Its drilling costs are low compared to other unconventional plays because of abundant liquids, high production rates and rapid drill times.
Based on these favorable development factors, BENTEK predicts 500% oil production growth from the play over the next five years, from 2010 levels of 70,000 b/d to an average of 421,000 b/d in 2015. NGL and dry gas production is expected to grow 150% over that period.
The Eagle Ford Shale – Deep in the Heart of Texas
provides a broad overview of this emerging unconventional oil and gas play, including current drilling and production, statistics on activity, an examination of existing and proposed infrastructure and a discussion of market changes resulting from expected growth.