Eagle Ford News Pulse May 2020

Eagle Ford Basin | May 2020

Field Overview

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 May)

Active Drilling Rigs in Basin- 22
Total Rigs in Texas- 127
Total Rigs in United States- 301
Total U.S. Rigs down 69% YTD

Eagle Ford Top Producers

Top Gas Producer- XTO
Top Oil Producer- EOG


Financial & Economic Updates

None for the month. We are aware of the shortage of news in this basin, and rather than report on continued decreased demand and low prices due to global events, we would like to redirect you to to our periodicals. Here there is plenty of data and analysis going more in depth than what the rest of the industry covers, and we feel it is more than worthy of your time. Thank you for taking the time to read through the hard work the team puts into our content.


State Highlights

Eagle Ford a Much Less Attractive Option Than Permian Amidst Texas Struggles

The Eagle Ford is beginning to look like Texas’s red headed step child as the Permian takes the economic blow a little bit better. Data from the end of May shows that the Marcellus becomes the new fracing capital, and the Eagle Ford is clearly struggling as it operates at 14 percent of the active frac crews it would typically have at this point in the year. Of the 450 available hydraulic fracturing fleets in North America, only 70 are out and working. Some experts believe these estimates lie closer in the range of 50, although neither estimate is good. The rig count shows that the Eagle Ford has seen declines of 64% as fewer people continue to drill.

Article Link


Top Gas Producers

RankCompanyProduction
(MMscf / Month)
1XTO31,347
2BP16,736
3Lewis Petroleum16,594
4EOG14,121
5Rockcliff13,902

Top Oil Producers

RankCompanyProduction
(STB/Month)
1EOG6,537,188
2Chesapeake3,472,498
3Marathon3,084,157
4Burlington3,051,061
5Devon1,659,467

Refining


Texas Oil Production


Texas Gas Production


Rare Petro Podcast

Click above to subscribe to the RARE
PETRO Podcast Network or visit
www.rarepetro.com/newspulse


The information contained in this newsletter is provided by RARE
PETRO Engineering, PLLC via the following sources unless otherwise
noted:

www.eia.gov
www.drillinginfo.com
www.bhge.com
RARE Petro Analytics

Categories

Send Us a Message

7 + 2 =

1224 Washington Ave,
Suite 10
Golden, CO 80401

(720) 772-7371

contactus@rarepetro.com

Rare Petro Logo

Subscribe!

Oil & Gas News Pulse

Newsletter

You have Successfully Subscribed!