Eagle Ford News Pulse January 2022

Posted: March 9, 2022

Eagle Ford Basin | January 2022

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- 50 (+6)
Total Rigs in Texas- 284 (+7)
Total Rigs in United States- 610 (+24)
Total U.S. Rigs 59% YTD

Eagle Ford Permitting Data

Permits Approved – 123

Eagle Ford Top Producers

Top BOE Producer- Pioneer


Basin Highlights

Lime Rock Resources Kicks Off 2022 with Back-to-back Acquisitions

The Eagle Ford Lime Rock Resources began operation in 2005 and since then has made 25 notable acquisitions, the latest of which includes assets from Abraxas in the Williston and from a private seller in the Eagle Ford. The recent Williston addition will add 3,500 acres to their portfolio and the Eagle Ford deal is for 46,000 acres producing about 7,700 boe/d as of early January. The total cost to Lime Rock Resources is $358.5 million, which is all part of their recent plan to purchase more producing oil and gas properties in the U.S.

Rising Phoenix Royalties Announces Eagle Ford Basin Oil and Natural Gas Royalty Acquisition

The acquisition company Rising Phoenix Royalties (RPR) recently added 121 acres of oil and gas producing land in the Eagle Ford basin from an undisclosed seller. Part of the acquisition process included a third party analysis of the assets to better provide all parties with transparent information on the deal. RPR engages in deals across all the major U.S. basins and in all sorts of oil and gas ratios, this most recent one in the Eagle Ford being a 90/10 oil and gas split. 


Operators with Most Permits

RankCompanyPermits
Approved
1EOG12
2TEP Barnett10
2Validus NRG8
3Recoil Resources6
4Burlington (ConocoPhillips)5
Hyperlinks to available Q1 2021 Reports

Top BOE Production By Operator

RankCompanyMMBOE Production (1/22)
1 Pioneer88.6
2COG Operating27.6
3Apache Corp. 22.9
4XTO Energy18.8
5Laredo Petroleum17.6
Hyperlinks to available Q2 2021 Reports

Rig Count


Texas Oil Production


Texas Gas Production


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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

Related Tags: Eagleford | News Pulse | texas

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