Full Title: Eagle Ford Reality Check: The Nation's Top Tight Oil Play After More Than a Year of Low Oil Prices
Author(s): J. David Hughes
Publisher(s): Postcarbon Institute
Publication Date: November 1, 2015
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Description (excerpt):
Oil production in the Eagle Ford Play of southern Texas, the largest tight oil play in the U.S., is now falling after more than a year of low oil prices—but it has proven more resilient than many observers expected. This paper reviews the latest developments in the Eagle Ford Play and provides an update of the assessment in my Drilling Deeper report,1 which was published in October 2014 just as the turmoil in the oil markets began.
Figure 1 illustrates Eagle Ford production through July 2015. Production peaked in March 2015, at 1.61 million barrels per day (mbd) and has fallen 149,000 barrels per day, or 9.1%, since then. As of July there were 13,930 producing wells in the play, compared to 13,384 in March 2015 at peak production (production data in this paper are from Drillinginfo2).