Eagle Ford Shale

The Eagle Ford Shale is a 50 mile-wide by 400 mile-long unconventional play that runs from South to East Texas. From its initial drilling in 2009, the Eagle Ford has experienced tremendous growth and is currently producing over 1 million boe/d. While the Bakken currently produces more oil than the Eagle Ford, the Eagle Ford is growing rapidly and some experts predict that it could become the leading U.S. oil-focused shale play over the next few years.

Tight Oil Production for Select Plays
(Millions of barrels of oil equivalent per day)

chart 1Source: U.S. Energy Information Administration, April 2013

 

A University of Texas at San Antonio (“UTSA”) study(1) indicated that development of oil and natural gas in the Eagle Ford Shale added more than $61 billion in total economic impact across Central and South Texas in 2012. The study projects that the region will support 127,000 jobs and produce an economic impact of $89 billion by 2022. The below photo gives an idea of the economic activity at night.

EagleFord Shale at night
(1) “Economic Impact of the Eagle Ford Shale” (March 2013) by University of Texas at San Antonio Institute for Economic Development, Center for Community and Business Research http://ccbr.iedtexas.org/