Eagle Ford News Pulse May 2021

Posted: June 15, 2021

Eagle Ford Basin | May 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 (End of May)

Active Drilling Rigs in Basin- 33
Total Rigs in Texas- 218
Total Rigs in United States- 457
Total U.S. Rigs up 52% YTD

State Permitting Data (End of May)

Permits Approved – 221

Eagle Ford Top Producers

Top Gas Producer- EOG Resources, INC.
Top Oil Producer- EOG Resources, INC.

Basin Highlights

Evolution Petroleum Acquires Tokyo Gas Barnett Shale Assets

Houston based Evolution Petroleum acquired about 21,000 net acres in the Barnett Shale in North Texas from Tokyo Gas Americas which will further diversify Evolution’s asset base. “This transaction represents another substantive step in the company’s efforts to further diversify and grow its asset base through the acquisition of primarily long-life, developed oil and gas properties, which will be supportive of the company’s dividend,” Jason Brown, president and CEO of Evolution Petroleum, said in a statement on May 10. Evolution is focused on long term goals based on acquiring a diversified portfolio, meaning 2020 may have been a blessing in disguise for them. Their primary assets are royalty and working interests in a CO2 EOR project in Louisiana. They also hold working interest in a secondary recovery project in Wyoming’s Hamilton Dome Field. Their Tokyo Gas purchase afforded them 21,000 acres of assets for the cost of $19.6 million in cash. The estimated production sits at 17 MMcf/d of natural gas along with 1300 bpd of liquids.

Article Link

Operators with Most Permits (March)

2Silverbow Resources16
2Lewis Petro16
5Rockcliff Energy13
Hyperlinks to available Q1 2021 Reports

Top BOE Production By Operator (2021 cum)

Hyperlinks to available Q1 2021 Reports

Rig Count

Texas Oil Production

Texas Gas Production

Rare Petro Podcast

Click above to subscribe to the RARE
PETRO Podcast Network or visit

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

RARE Petro Analytics

Related Tags: Eagleford | News Pulse | texas

Send Us a Message

Rare Petro Logo

1224 Washington Ave,
Suite 10
Golden, CO 80401

(720) 772-7371


Rare Petro Logo


Oil & Gas News Pulse


You have Successfully Subscribed!