Eagle Ford Shale in the United States of America (USA) – Oil and Gas Shale Market Analysis and Outlook to 2025
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
According to GlobalData, crude oil and condensate production in the Eagle Ford Shale in the US was 1,121.3 mbd in 2020 and natural gas production was 6,187.3 mmcfd during the same period. According to GlobalData, crude oil and natural gas production in the Eagle Ford shale is projected to maintain an upward trend throughout the forecast period of 2021-2025. Natural gas production in the Eagle Ford shale is expected to grow more than 15% during 2021-2025. During the same time frame, crude oil production in the shale is expected to grow more than 25%. Thus, both the commodities are expected to exceed their 2019 level of production by 2025.
The Eagle Ford shale saw its lowest rig count in the past several years during August and September 2020 with only 10 rigs active due to the COVID-19 pandemic and related crisis. This decline in rig count resulted in a sharp decline in total production. Since then, the Eagle Ford has seen a steady increase in rig count reaching 30 rigs in January 2021, 35 rigs in April 2021, and 38 rigs as in September 2021. While production started to recover at the end of 2020 and into 2021, Texas experienced a massive ice storm throughout the state that severely crippled operators’ ability to maintain their production facilities. This ice storm resulted in a further decline of production in February 2021 before recovering back to post-COVID-19 production and decline.
What are the market dynamics in the Eagle Ford Shale in the US?
During the early shale boom in the US, the Eagle Ford play was one of the most lucrative destinations for exploration and production (E&P) activities for small and large operators alike. Production in this play peaked in 2015 and started to decline but regained attention by the end of 2018. This shale play continues to attract considerable investments aimed at developing its proved reserves. The play still contains sections that are significantly underdeveloped, especially in the northern part comprising Burleson County. Karnes, La Salle, De Witt, and Gonzales are the most prolific counties for crude oil and condensate production in the Eagle Ford play. Whereas the major natural gas-producing counties include Webb, Karnes, and La Salle.
This prolific oil-rich formation has attracted various shale players over the years. EOG Resources accounts for the largest leaseholds in the Eagle Ford shale as of October 2021. It is also the top crude oil producer in this play. ConocoPhillips, Marathon Oil, Chesapeake Energy, and CNOOC Limited are the other leading operators in this shale.
Which are the major companies operating in Eagle Ford Shale in the US?
EOG Resources has the highest leaseholds in the Eagle Ford Shale as of October 2021. The company has its acreage spread across eleven counties of Texas. It is also the largest producer of crude oil and a key natural gas producer in this play.
EOG Resources is the largest player followed by Chesapeake Energy, ConocoPhillips, China National Offshore Oil Corporation (CNOOC), SM Energy, SilverBow Resources, Marathon Oil, Murphy Oil, Penn Virginia, Devon Energy, Tokyo Gas Co., Matador Resources, Magnolia Oil & Gas, and Baytex Energy.
Major companies operating in eagle Ford Shale
To know more about key players, download a free report sample
Market report scope
Base year for estimation | 2020 |
Forecast Year | 2021-2025 |
Companies Mentioned | EOG Resources, Chesapeake Energy, ConocoPhillips, China National Offshore Oil Corporation (CNOOC), SM Energy, SilverBow Resources, Marathon Oil, Murphy Oil, Penn Virginia, Devon Energy, Tokyo Gas Co., Matador Resources, Magnolia Oil & Gas, and Baytex Energy. |
The report analyses crude oil and natural gas appraisal and production activities in the Eagle Ford shale in the US. The scope of the report includes:
- Comprehensive analysis of crude oil and natural gas historical production and outlook during 2018-25.
- Detailed information of impact on well development, permits and deals against the backdrop of the COVID-19 pandemic.
- In-depth information of well productivity and well completion parameters across the Eagle Ford shale.
- Analysis of net acreage of top companies, planned capital expenditure as well as crude oil and natural gas reserves and production stats in this shale play.
- Up-to-date information on major mergers and acquisitions across the Eagle Ford shale from 2019 to 2021.
Reasons to Buy
- Develop business strategies with the help of specific insights into the Eagle Ford shale in the US.
- Plan your strategies based on economic viability and expected developments in the Eagle Ford shale.
- Keep yourself informed of the latest M&A activity across the Eagle Ford shale.
- Identify opportunities and challenges across the Eagle Ford shale.
Table of Contents
Table
Figures
Frequently asked questions
-
What is the production capacity of the Eagle Shale Ford?
According to GlobalData, crude oil and condensate production in the Eagle Ford Shale in the US was 1,121.3 mbd in 2020 and natural gas production was 6,187.3 mmcfd during the same period.
-
Who are the major companies operating in Eagle Ford Shale in the US?
EOG Resources is the largest player followed by Chesapeake Energy, ConocoPhillips, China National Offshore Oil Corporation (CNOOC), SM Energy, SilverBow Resources, Marathon Oil, Murphy Oil, Penn Virginia, Devon Energy, Tokyo Gas Co., Matador Resources, Magnolia Oil & Gas, and Baytex Energy.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.