Eagle Ford Basin | May 2020
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.
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.
Top Gas Producers
(MMscf / Month)
Top Oil Producers
Texas Oil Production
Texas Gas Production
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