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Edited by JJCar

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(edited)

Eagle Ford and the counties that the Eagle Ford formation is found within will see a resurgence of activity and growth in production of NG, crude oil, condensate, wet gas, NGLs. With multi-well single pad drilling companies will lower costs further and be more efficient and with the experience and knowledge gained over the years since the early days of Eagle Ford boom, the end result will be a lot of more efficient and better producing wells and better returns. Do not forget the various stacked plays in the Eagle Ford region so a company may drill from multiple wells from a single pad that will tap into the 3-5 different formations and produce from all of those. Austin Chalk is also going to be a major producer again.

Companies need to be mindful of a few things, not overpaying for the leases per acre (like in the hey days of paying 30,000-100,000$ per acre , but some lost some won big time ) , they also need to utilize all the available technologies to find the best quality rocks, drill in the best spots, grade it on a tiered basis and drill and complete in a mix and match pattern of very good wells, with good wells and average wells... or they could follow another approach of drill the average wells , then the good wells and then the very good wells. But keeping technology at the forefront to guide acquisition of land and minerals, to mapping the wells to be drilled, drilling , complete and production , all aspects of oil and gas E&P to production and offtake, will in the end result in an overall great Eagle Ford sustainable game.

The infrastructure within the Eagle Ford counties region exists and can be expanded rapidly and with lower costs to accommodate increased production and handle mid stream processing and gathering services. It is a region that can support production to over 3,500,000bpd.

Edited by ceo_energemsier

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On ‎4‎/‎14‎/‎2019 at 8:41 AM, JJCar said:

https://www.fool.com/investing/2019/04/13/3-top-oil-stocks-for-the-coming-boom-in-the-eagle.aspx

It's NOT JUST PERMIAN . . . . .  Eagleford  and all the other basins will follow  . . .  all the other basins will consolidate .  

"Crude production from the Eagle Ford is currently around 1.16 million BPD along with another 517,000 BPD of natural gas liquids (NGLs). Those numbers, however, are expected to skyrocket more than 90% by 2025, according to an estimate by midstream giant Enterprise Products Partners. This outlook suggests that Eagle Ford Shale-focused producers are poised to deliver high-octane growth over the next several years. Here are three top Eagle Ford producers that could prosper as the region enters its next boom. "

" Shale oil MAY decline next year."  LOL

I agree with the article some but Eagle will stay slow to drill as the easy drilling is west in the Permian. Not saying it won't happen, just may be several years out. I am hopeful drilling costs keep dropping and more holes drilled in all the basins. American ingenuity and expertise is keeping oil below 100 bux a barrel. Saudi's and OPEC keep dropping and we keep increasing, which has them all worried about market share, as it SHOULD!!!

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(edited)

On 4/15/2019 at 12:25 PM, Old-Ruffneck said:

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Edited by JJCar

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