Eagle Ford News Pulse March 2022

Posted: April 30, 2022

Eagle Ford Basin | March 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- 61 (+7)
Total Rigs in Texas- 345 (+61)
Total Rigs in United States- 698 (+48)
Total U.S. Rigs 16% YTD

Eagle Ford Permitting Data

Permits Approved – 123

Eagle Ford Top Producers

Top BOE Producer- Burlington (ConocoPhillips)

Basin Highlights

Methane Cloud Spotted in Texas Shale Basin Near Gas Pipelines

A geoanalytics firm named Kayrros SAS runs analyses on satellite data to help groups such as businesses and governments make more informed decisions. They recently spotted a plume of what was determined to be methane, over pipeline infrastructure run by Energy Transfer. It was also near multiple wells in an active part of the Eagle Ford basin. Energy Transfer was unresponsive to emails about the methane plume and Texas Commission on Environmental Quality responded that it was unaware of a plume and that none had been reported. It appears there will be no further investigation by anyone despite the huge release of methane into the atmosphere.

New wells going up in Bee County following rising oil, gas prices

Increased prices at the pump have a direct relationship to the cost of a barrel of oil. Drillers in Texas are taking advantage of the price of oil by exploring and drilling for more oil. Bee County Commissioner Dennis DeWitt in southern Texas commented “We are in the process now of a mini-lease boom if you will here in Bee County.” It’s not only small operators, ConocoPhillips drilled a new well in the Eagle Ford too. Many counties in the area are looking forward to increased mineral and oil revenues on the back of high oil prices, although they are staying cautiously optimistic in such a volatile market. 

Operators with Most Permits

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

Top BOE Production By Operator

RankCompanyMMBOE Production (Feb/22)
1 Burlington (ConocoPhillips)11.6
3Rockcliff Energy10.6
4XTO Energy9.0
Hyperlinks to available Q2 2021 Reports

Rig Count

Texas Oil Production

Texas Gas Production

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