Eagle Ford Basin | January 2021
A heavy shale play, the Eagle Ford basin is located east of the Permian, stretching from Dallas to San Antonio. Primarily a gas field with smaller oil plays, it boasts proven reserves of 3.37 billion bbl of oil and 2.5 TCF of gas.
State Drilling Statistics (End of January)
Active Drilling Rigs in Basin- 28
Total Rigs in Texas- 182
Total Rigs in United States- 384
Total U.S. Rigs down 56% YTD
Eagle Ford Top Producers
Top Gas Producer- EOG Resources, INC.
Top Oil Producer- EOG Resources, INC.
Clean Energy Win?
While it makes sense for those in the Permian to be happy that competition from Canada has now been limited, they may have an entirely different competitor. The Eagle Ford basin does not receive nearly as much attention and love as the Permian, but it does produce oil that emits far less greenhouse gasses. A study by the Oil-Climate Index in 2016 shows that the Eagle Ford and Bakken shales have some of the lowest emissions per barrel globally. This means that from a purely environmental standpoint, the Eagle Ford will likely win favor from the federal government should Biden choose to curb domestic oil production. Not much going on in the Eagle Ford, but future potential is exciting.
Top Gas Producers (2020 cum)
Top Oil Producers (2020 cum)
Texas Oil Production
Texas Gas Production
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