It isn’t the boom days when oil trucks created big-city traffic jams on gravel roads and a night at a mediocre hotel cost $300. But the Eagle Ford Shale is back from the bust - sort of - at a level that’s admittedly more middle-aged, less teenager.
The 400-mile South Texas oil field, which sweeps from Laredo to College Station, has produced around 2.5 billion to 2.6 billion barrels since the first wells were drilled in late 2008, said Allen Gilmer, founder of the research firm Drillinginfo, who spoke Thursday at Hart Energy’s DUG Eagle Ford Conference, held last week at the Convention Center.
It isn’t the hottest oil field anymore. All the attention has shifted to the Permian Basin in West Texas and eastern New Mexico, and to the South Central Oklahoma Oil Province, known as the SCOOP, and the Sooner Trend Anadarko Basin Canadian and Kingfisher Counties, or STACK.
But there’s still an awful lot of oil in South Texas.
Considering that the EF trend is a mostly single formation play (aside from a few areas where the Austin Chalk is a viable horizontal frac option), the Eagle Ford is a solid and highly economic trend, Comparing it to the Permian Basin as well as SCOOP / STACK is an apples and oranges issue since those play areas have multiple formations that are being targeted over widespread areas