“The Eagle Ford, still in an early stage of development, may end up being more complex than some of the earlier big resource plays such as the Barnett or Haynesville … Companies from around the world are interested in being part of the Eagle Ford success, a sign that this evolving transformation is global as well as awesome in scope.”
One of the most remarkable sources of gains in U.S. liquids and natural gas production in recent years has come from Texas’s Eagle Ford play, thanks to the application and ongoing refinement of horizontal drilling and hydraulic fracturing techniques. These developments have helped put Texas and North Dakota at the top of the list of regions that have been contributing to the brightening U.S. energy picture.
Oil production in the Eagle Ford, in the southwestern portion of Texas, has gone from a minimal level in 2010 to over 300 thousand barrels per day so far this year, plus another roughly 70 thousand barrels per day of condensates.…