The Nation’s Top Tight Oil Play After a Year of Low Oil Prices
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, which was published in October 2014 just as the turmoil in the oil markets began.
In Eagle Ford Reality Check, David Hughes, author of Drilling Deeper (which likely remains the most thorough independent analysis of U.S. shale gas and tight oil production ever conducted) and a number of other reports on North American shale gas and tight oil production, looks at how production in the Eagle Ford has changed after a year of low oil prices.
Oil production in the Eagle Ford is now falling after more than a year of low oil prices. The glory days of the Eagle Ford are behind it, at the ripe old age of six years. This paper reviews the latest developments in the Bakken Play and provides an update of the assessment in Drilling Deeper, which was published in October 2014 just as the turmoil in the oil markets began.
Published December 2015.