Eagle Ford Basin | December 2021
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
Active Drilling Rigs in Basin- 44 (
-6)
Total Rigs in Texas- 277 (
+5)
Total Rigs in United States- 586 (+17)
Total U.S. Rigs 53% YTD
Eagle Ford Permitting Data
Permits Approved – 84
Eagle Ford Top Producers
Top BOE Producer- EOG
–
Basin Highlights
U.S. Shale Industry To Spend $83 Billion In 2022
The Eagle Ford shale is one of the regions expected to receive increased spending in 2022; U.S. shale expenditure is projected to jump 19.4%. Experts see the boost in spending as a sign of the shale industry’s expected return to stability following the volatility and stagnation brought on by the pandemic. While some regions such as the Permian experienced spending rates along the lines of a 23% increase through 2021, the Eagle Ford, on the other hand, experienced an increase of only 4.5%. One possible reason for the lower spending rates is the emergence of DUC wells or low drilled but uncompleted wells to completion activity.
First US LNG Cargo from Certified Gas Could Set Sail in 2022
The dry gas producers of the Haynesville and Eagle Ford shale have committed to third-party certification of 30% of their produced gas by 2022. This ‘greener’ LNG is a hot commodity on the market and some experts even see it as being the first certified U.S. LNG export later in 2022. The Haynesville Shale is at the forefront of this movement because of the basins’ proximity to existing and proposed LNG infrastructure including export hubs along the Gulf Coast.
Operators with Most Permits
| Rank | Company | Permits Approved |
| 1 | EOG | 19 |
| 2 | BPX | 19 |
| 2 | SAGE NATURAL RESOURCES | 18 |
| 3 | CHESAPEAKE ENERGY | 15 |
| 4 | GULFTEX | 13 |
Top BOE Production By Operator
| Rank | Company | MMBOE Production (8/21) |
| 1 | EOG | 85.8 |
| 2 | CONOCOPHILLIPS | 54.9 |
| 3 | CHESAPEAKE ENERGY | 43.9 |
| 4 | MARATHON OIL | 37.1 |
| 5 | MURPHY | 14 |
Rig Count
Texas Oil Production
Texas Gas Production
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