Eagle Ford News Pulse September 2022

Posted: October 19, 2022

Eagle Ford Basin | September 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 play 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- 71 (-)
Total Rigs in Texas- 365 (+6)
Total Rigs in United States- 769 (+10)
Total U.S. Rigs 42% YTD

Eagle Ford Permitting Data

Permits Approved – 176

Eagle Ford Top Producer

Top Producer- EOG Resources

Basin Highlights

Chesapeake Says Tremendous Interest in Eagle Ford Assets

Chesapeake has seen considerable interest in its Eagle Ford assets after having announced an intention to sell its oilier assets in August. If Chesapeake completes this sale, it will have no oily assets in its portfolio and will be solely a dry gas producer. Its other assets are concentrated in the Marcellus and in the Haynesville. Chesapeake, after having emerged from bankruptcy two years ago, has experienced 53% in stock appreciation this year–largely due to natural gas reaching a 14-year high. CEO Nick Dell’Osso indicated a bullishness on natural gas prices in the long term, driven partially by the rapid development of LNG infrastructure in the developed world.

Silver Hill’s $1.2B Fund Targeting Haynesville, Eagle Ford, and Austin Chalk Natural Gas Development

Silver Hill Energy Partners, a prolific oil and gas investing firm, has raised a $1.2 billion fund to invest in the Austin Chalk, Haynesville, and Eagle Ford plays. Currently, Silver Hill has 70 wells in these plays producing 250 MMcf/d. The firm controls 30,000 net acres with the ambition of deploying funds to acquire more. Silver Hill is on it’s third iteration and is likely to develop a strong production base and then sell to other operators in the region. Other firms of similar disposition are investing heavily in these gassier plays, including Momentum Midstream LLC who is building a 1.7 Bcf/d gathering system in the Haynesville.

Top Operators By Permit Approvals

1EOG Resources28
2Grit Oil and Gas21
3Silverbow Resources14
4Trinity Operating12
5 (Tied)BPX10
5 (Tied)Escondido10

Top Operators by Production

RankCompanySeptember Oil Production (MBO)
1 EOG Resources5,034
3Marathon Oil2,490
4Chesapeake Energy2,445
5Devon Energy2,076

Rig Count

Texas Oil Production

Texas Gas Production

RARE PETRO Podcast Logo
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!