Shale Play Oil Production Keeps Growing as Companies Keep Looking

Shale Play Oil Production Keeps Growing as Companies Keep Looking Named after the town Eagle Ford in Texas, the Eagle Ford Shale lies through Texas from the Mexican border to East Texas. The shale play is around 50 miles in width and 400 miles in length and is a geological formation that has been gaining importance. The Cretaceous shale play has a higher than usual carbonate shale, up to 70% in the south. This high percentage of carbonate makes it easier for hydraulic fracturing as the brittleness is also higher. It produces more oil and natural gas than is traditionally found in shale plays.

Production

After the drilling of first well, the production of crude oil and natural gas has gone up to 278,423 b/d of condensate, 1.07 b/d of crude oil, and 5.26 Bcfe/d of natural gas in 2015. With a huge content of oil and natural gas still unexploited, the drilling activity has only increased. As estimated by the EIA, 50.2 trillion cubic feet of gas can be technically recovered although it remains unproven.

Largest Company in the Shale Among many stakeholders since 2009, EOG Resources is the largest petroleum producer from the Eagle Shale Ford. It is among the largest non-integrated or independent natural gas and crude oil Company in the US with about 88% of its produce from the US fields. With its proved reserves in China, UK, Trinidad and US, the company owes its success to achieving the best recovery by using lowest cost structure while upholding the safety requirements. The exploration and drilling based on data analysis from models which are developed using the most advanced technologies such as core analysis, 3D seismic and micro seismic allows the company to optimize operating costs while maximizing output.

With a lot of unexplored reserves, the shale play continues to attract players in the field while the company keeps generating steady quantities of oil sustainably.

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