Eagle Ford Shale in the US, 2011 - Oil Shale Market Analysis and Forecasts to 2020

GlobalData, October 2011, Pages: 40

Eagle Ford Shale in the US, 2011 - Oil Shale Market Analysis and Forecasts to 2020

Summary

GlobalData’s new report ‘Eagle Ford Shale in the US, 2011 - Oil Shale Market Analysis and Forecasts to 2020’ analyzes the recent activities in the Eagle Ford shale play in the US. The report details the drilling activity in the play by analyzing the permits issued in Eagle Ford shale by period, county and also by major operators. It also provides the well costs and acreage costs. The report gives the major players in the shale play in terms of acreage and production. It also details the expected production from the shale play by 2020. The report details the major recent M&A activities in the play and provides the future plans of major companies involved in the Eagle Ford shale play.

The Eagle Ford shale play is encountering increased activity and interest from oil and gas companies. Increased drilling activities, acreages and production in the shale play are apt indicators of this development. As of June 2011, the Texas Rail Road Commission (RRC) had issued a total of 1,241 drilling permits in the Eagle Ford shale play during the period January to June 2011. The figure for 2010 was 1,010. Additionally, substantial investments are to be seen in the shale play. About $4.6 billion investments in capital expenditure are expected in the near future from major companies.

Scope

The report analyzes the activities in the US Eagle Ford shale. The scope of the report includes -
- Major companies in the Eagle Ford shale by acreage and by production.
- Eagle Ford shale production trends and expected production during 2010-2020.
- Cost per well and acreage cost for major players in the shale play.
- Eagle Ford shale drilling details by period, county and operators.
- Major merger and acquisition in the Eagle Ford shale play during 2010-2011.
- Analysis of operations of major companies in the play such as EOG Resources, Petrohawk and others.

Reasons to buy

The report will enhance your decision making capability. It will allow you to -
- Understand the changing dynamics of the oil and gas industry in the US by understanding the role that shale plays in the energy industry of the country.
- Develop business strategies with the help of specific insights about this shale play.
- Understand trends and activities in Eagle Ford shale play.
- Understand the market positioning of the major players in this shale play.
- Increase future revenue and profitability with the help of insights about future opportunities and critical success factors in the shale plays.

1 Table of contents
1 Table of contents
1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 Overview
2.2 Global Data Report Guidance
3 Eagle Ford Shale, Introduction
3.1 Overview
3.2 Eagle Ford Shale, Reservoir Profile
4 Eagle Ford Shale Play Activity
4.1 Eagle Ford Shale Oil Play Activity
4.2 Eagle Ford Shale Gas Play Activity
5 Eagle Ford Shale, Operational Overview
5.1 Eagle Ford Shale, Well Profile
5.2 Eagle Ford Shale, Initial Production Rates
5.3 Eagle Ford Shale, Production Trends, 2010-2020
5.3.1 Production Forecast 2010-2020
5.4 Eagle Ford Shale, Cost Trends, 2011
5.4.1 Well Cost
5.4.2 Acreage Cost
5.5 Eagle Ford Shale, Drilling Activity, 2011
5.6 Eagle Ford Shale, Activity Analysis by County, 2011
6 Eagle Ford Shale, Competitive Landscape
6.1 Eagle Ford Shale, Major Companies by Acreage, 2011
6.2 Eagle Ford Shale, Major Companies by Production, 2010
6.3 Eagle Ford Shale, Future Plans by Major Companies, 2011
6.4 Eagle Ford Shale, Comparison of Top Five Companies
6.4.1 EOG Resources
6.4.2 Chesapeake Energy
6.4.3 Newfield Exploration Company
6.4.4 Petrohawk Energy Corporation
6.4.5 Pioneer Natural Resources Company
7 Eagle Ford Shale, Mergers and Acquisition Activity in the Play, 2010-2011
8 Appendix
8.1 Market Definitions
8.2 Abbreviations
8.3 Methodology
8.3.1 Coverage
8.3.2 Secondary Research
8.3.3 Primary Research
8.3.4 Expert Panel Validation
8.4 Contact Us
8.5 Disclaimer

1.1 List of Tables
Table 1: Eagle Ford Shale, Key Characteristics, 2011
Table 2: Eagle Ford Shale, Average Well Profile, The US, 2011
Table 3: Eagle Ford Shale, Hawkville Field, Decline Rate, %, 2011
Table 4: Eagle Ford Shale, Oil and Gas Initial Production Rates of Major Companies, 2011
Table 5: Eagle Ford Shale, Oil Production from Major Fields, Boe, 2009 and 2010
Table 6: Eagle Ford Shale, Gas Production from Major Fields, MMcf, 2009 and 2010
Table 7: Eagle Ford Shale, Annual Production Forecast, MMcfe, 2010-2020
Table 8: Eagle Ford Shale, Cost Per Well by Companies, $m, 2010 and 2011
Table 9: Eagle Ford Shale, Key Operators by Drilling Wells Permitted, The US, 2010 - April 2011
Table 10: Eagle Ford Shale, Key Counties by Drilling Permits, 2010 - April 2011
Table 11: Eagle Ford Shale, Major Companies by Net Acreage, Acres, 2011
Table 12: Eagle Ford Shale, Major Operators by Oil and Gas Production, Mboe, 2010
Table 13: Eagle Ford Shale, Planned Capital Expenditure by Major Companies, $m, 2011
Table 14: Eagle Ford Shale, Net Wells Planned by Major Companies, Number, 2011
Table 15: Eagle Ford Shale, Planned Rigs by Major Companies, Number, 2011
Table 16: Eagle Ford Shale, Acreage and Production of Key Operators, 2010 and 2011
Table 17: Eagle Ford Shale, EOG Resources, Key Data, 2011
Table 18: Eagle Ford Shale, Chesapeake Energy, Key Data, 2011
Table 19: Eagle Ford Shale, Newfield Exploration Company, Key Data, 2011
Table 20: Eagle Ford Shale, Petrohawk Energy Corporation, Key Data, 2011
Table 21: Eagle Ford Shale, Petrohawk Energy Corporation, Shale Plays, 2011
Table 22: Eagle Ford Shale, Pioneer Natural Resources Company, Shale Plays, 2010
Table 23: Eagle Ford Shale, Major Deals by Oil and Gas Companies, 2010-2011

1.2 List of Figures
Figure 1: Eagle Ford Shale Location, The US, 2011
Figure 2: Eagle Ford Shale Location, Oil/Gas Condensate, The US, 2011
Figure 3: Eagle Ford Shale, Play Location and Depths, The US, 2011
Figure 4: Eagle Ford Shale, Oil and Gas Production, Mmcfe/day, 2011
Figure 5: Eagle Ford Shale, Annual Production Forecast, MMcfe, 2010-2020
Figure 6: Eagle Ford Shale, Oil and Gas Wells Permitted and Constructed, The US, July 2011
Figure 7: Eagle Ford Shale, Key Operators by Drilling Wells Permitted, The US, 2011
Figure 8: Eagle Ford Shale, Key Counties by Drilling Permits, 2010 - April 2011
Figure 9: Eagle Ford Shale, Major Companies by Net Acreage, Acres, 2011
Figure 10: Eagle Ford Shale, Major Operators by Oil and Gas Production, Mboe, 2010
Figure 11: Eagle Ford Shale, EOG Resources Shale Plays, The US, 2011
Figure 12: Eagle Ford Shale, Petrohawk Energy Corporation Shale Plays, The US, 2011
Figure 13: Eagle Ford Shale, Pioneer Natural Resources Company, Shale Plays, 2010

GlobalData’s new report ‘Eagle Ford Shale in the US, 2011 - Oil Shale Market Analysis and Forecasts to 2020’ analyzes the recent activities in the Eagle Ford shale play in the US. The report details the drilling activity in the play by analyzing the permits issued in Eagle Ford shale by period, county and also by major operators. It also provides the well costs and acreage costs. The report gives the major players in the shale play in terms of acreage and production. It also details the expected production from the shale play by 2020. The report details the major recent M&A activities in the play and provides the future plans of major companies involved in the Eagle Ford shale play.

The Eagle Ford shale formation, measuring about 50 miles wide and 400 miles long, spans across Texas - from the Mexican border to East Texas. The shale play has gained significant importance due to the possibility of its containing one of the largest shale reserves of oil and gas in the US. The average thickness of the play is about 250 feet (ft) at depths of 4,000 to 12,000 ft. The shale play lies between the Austin Chalk and the Buda Lime formations.

Eagle Ford Shale witnessed its first activity in 2008 when Petrohawk Energy Corporation drilled its first well in the play and discovered the Hawkville Field. The initial discovery resulted in a well that flowed at a rate of 7.6 MMcf per day of gas. Since then, the play has been witnessing increasing enthusiasm and participation from investors.

Eagle Ford Shale Play Witnessing Increasing Investments

Since its first drilling activity in 2008, Eagle Ford shale has witnessed rapid developments. Since 2010, mergers, acquisitions and asset transaction deals worth about $15 billion were signed in the Eagle Ford shale plays. This trend is expected to continue in the near-term as some major oil and gas companies plan to invest around $4.6 billion in the play in 2011.

Few key deals undertaken in the Eagle Ford shale include a joint venture of Statoil and Talisman Energy; Anadarko’s $1.5 billion joint venture with KNOC and Reliance Energy’s purchase of acreage from Pioneer Natural Resources for $1.3 billion. Such deals indicate high levels of interest of oil and gas companies to invest in this shale play.
With sustained, high, global crude prices, investments in unconventional oil resources are on the rise. Eagle Ford shale, with high unconventional oil reserve, has emerged as one of the prominent investment areas for companies looking for investment in liquid shale plays.

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