Eagle Ford Shale in the US, 2012 - Oil Shale Market Analysis and Forecasts to 2020

GlobalData, July 2012, Pages: 53

Eagle Ford Shale in the US, 2012 - Oil Shale Market Analysis and Forecasts to 2020

Summary

Our new report "Eagle Ford Shale in the US, 2012 - Oil Shale Market Analysis and Forecasts to 2020" which provides insight into the oil and gas exploration and development potential in the Eagle Ford shale. The report also provides details of the key exploration areas and major companies exploring various fields in the Eagle Ford shale. The report also highlights the parameters for exploration and production, and discusses major activities of the top five companies in the Eagle Ford shale. The report discusses drilling activities in the Eagle Ford shale, detailing the companies involved and their coverage across the different fields of Texas in the play. The report also provides a production forecast of the Eagle Ford shale till 2020.

Scope

The report analyzes the oil and gas exploration and production activities in the Eagle Ford shale. The scope of the report includes -
- An overview of the oil and gas exploration in the Eagle Ford shale.
- Information on drilling and exploration activities in the different fields of Texas, including Eagleville, Hawkville, Briscoe Ranch, Giddings, De Witt, Gates Ranch, and Sugarkane fields.
- An overview of the competitive landscape of the top five companies by acreage in the Eagle Ford shale. Discussion of the cost per well and finding and development costs of the companies in the Eagle Ford shale.
- Current exploration and production statistics for the Texas region of the Eagle Ford shale. The report also provides forecasts for the Eagle Ford shale production from 2012–2020.
- Coverage and an overview of operations in the Eagle Ford shale.
- Information on the major mergers and acquisitions in the Eagle Ford shale from 2008–March 2012.
- Details of major infrastructure developments in the Eagle Ford shale.

Reasons to buy

The report will enhance your decision making capability. It will allow you to -
- Develop business strategies with the help of specific insights into the Eagle Ford shale oil and gas market, primarily in the Texas region of the US.
- Identify opportunities and challenges in the Eagle Ford shale (Texas) in the US.
- Plan your strategies based on expected developments of the Eagle Ford shale (Texas) in the US.
- Understand the competitive landscape of the companies in the Eagle Ford shale play.
- Keep yourself informed of the key developments in this potentially game changing market.

Keywords

Shale, Eagle Ford Shale, Eagle Ford Shale Production Forecast, Production Forecast to 2020, Top Companies Operating in the Eagle Ford shale

1
1

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
4 Eagle Ford Shale, Operational Overview
4.1 Eagle Ford Shale, Well Profile
4.2 Eagle Ford Shale, Initial Production Rates
4.3 Eagle Ford Shale, Production Analysis by Field, 2008-April 2012
4.4 Eagle Ford Shale, Production Trends, 2008-April 2012
4.4.1 Historical Production, 2008-April 2012
4.4.2 Eagle Ford Shale, Historic and Forecast Production 2004-2020
4.5 Eagle Ford Shale, Cost Trends, 2012
4.5.1 Well Costs
4.5.2 Finding & Development Costs
4.6 Eagle Ford Shale, Drilling Activity, 2010-2012
4.6.1 Eagle Ford Shale, Permits Issued and Completed, May 2012
4.6.2 Eagle Ford Shale, Permits Issued, 2010-April 2012
4.6.3 Eagle Ford Shale, Drilling Activity by Field, 2010-April 2012
4.6.4 Eagle Ford Shale, Drilling Activity by Company, 2010-April 2012
5 Eagle Ford Shale, Competitive Landscape
5.1 Eagle Ford Shale, Companies by Acreage, 2012
5.2 Eagle Ford Shale, Major Companies by Production, 2012
5.2.1 Eagle Ford Shale, Major Companies by Gross Production, 2011-April 2012
5.3 Eagle Ford Shale, Future Plans by Major Companies, 2012
5.3.1 Eagle Ford Shale, Planned Investments, 2011-2012
5.3.2 Eagle Ford Shale, Planned Wells, 2012
5.3.3 Eagle Ford Shale, Planned Rigs, 2012
6 Eagle Ford Shale, Analysis of Top Five Companies
6.1 EOG Resources Inc.
6.2 Chesapeake Energy Corporation
6.3 BP Plc
6.4 BHP Billiton
6.5 Marathon Oil Corporation
7 Eagle Ford Shale, Infrastructure, 2011-2012
8 Eagle Ford Shale, Mergers and Acquisition Activity in the Play, 2008-2012
9 Appendix
9.1 Market Definitions
9.2 Sources
9.3 Abbreviations
9.4 Methodology
9.4.1 Coverage
9.4.2 Secondary Research
9.4.3 Primary Research
9.4.4 Expert Panel Validation
9.5 Contact Us
9.6 Disclaimer

1.1 List of Tables
Table 1: Eagle Ford Shale, Average Decline Rates Per Well, 2012-
Table 2: Eagle Ford Shale, Average Initial Production Rates of Some of the Major Companies, 2012
Table 3: Eagle Ford Shale, Recent Wells Drilled and Average Initial Production Rates of Some of the Major Companies, 2012
Table 4: Eagle Ford Shale, Gross Oil Production by Field, Texas, MMbbl, 2008-April 2012
Table 5: Eagle Ford Shale, Gross Gas Production by Field, Texas, bcf, 2008-April 2012
Table 6: Eagle Ford Shale, Gross Condensate Production by Field, Texas, MMbbl, 2008-April 2012
Table 7: Eagle Ford Shale, Gross Production by Field, Texas, MMboe, 2008-April 2012
Table 8: Historical Production from the Eagle Ford Shale, MMboe, 2008-April 2012
Table 9: Eagle Ford Shale, Historic and Forecast Production, MMboe, 2004-2020
Table 10: Eagle Ford Shale, Cost Per Well for Major Companies ($m/well), Latest Reported
Table 11: Eagle Ford Shale, Finding and Development Cost ($/boe), Latest Reported
Table 12: Eagle Ford Shale, Number of Well Permits Issued by Field, Texas, 2010-April 2012
Table 13: Eagle Ford Shale, Number of Drilling Permits for Major Operators, Texas, 2010-April 2012
Table 14: Eagle Ford Shale, Major Companies by Acreage, Net Acres, 2012-
Table 15: Eagle Ford Shale, Top 20 Companies by Total Gross Production, Texas, MMboe, January 2012-April 2012-
Table 16: Eagle Ford Shale, Top 20 Companies by Total Gross Production, Texas, MMboe, 2011
Table 17: Eagle Ford Shale, Planned Capital Expenditure by Major Companies, $m, 2011--2012
Table 18: Eagle Ford Shale, Number of Planned Wells by Major Companies, 2012
Table 19: Eagle Ford Shale, Number of Planned Rigs by Major Companies, 2012
Table 20: EOG Resources Inc, Eagle Ford Shale, Key Operational Parameters, 2012-
Table 21: Chesapeake Energy Corporation, Eagle Ford Shale, Key Operational Parameters, 2012-
Table 22: BP Plc, Eagle Ford Shale, Key Operational Parameters, 2012-
Table 23: BHP Billiton Limited, Eagle Ford Shale, Key Operational Parameters, 2012-
Table 24: Marathon Oil Corporation, Eagle Ford Shale, Key Operational Parameters, 2012-
Table 25: Eagle Ford Shale, Major Deals by Oil and Gas Companies, 2008-2012

1.2 List of Figures
Figure 1: Eagle Ford Shale Location, The US, 2012
Figure 2: Eagle Ford Shale Formation, Stratigraphy, The US, 2012
Figure 3: Eagle Ford Shale, Well Profile, 2012-
Figure 4: Eagle Ford Shale, Gross Oil Production by Field, Texas, MMbbl, 2008-April 2012
Figure 5: Eagle Ford Shale, Gross Gas Production by Field, Texas, bcf, 2008-April 2012
Figure 6: Eagle Ford Shale, Gross Condensate Production by Field, Texas, MMbbl, 2008-April 2012
Figure 7: Eagle Ford Shale, Gross Production by Field, Texas, MMboe, 2008-April 2012
Figure 8: Eagle Ford Shale, Historical Production, MMboe, 2008-April 2012
Figure 9: Eagle Ford Shale, Historic and Forecast Production, MMboe, 2004-2020
Figure 10: Eagle Ford Shale, Oil and Gas Wells Permitted and Con, May 2012
Figure 11: Eagle Ford Shale, Number of Well Permits by Field, Texas, 2010-April 2012
Figure 12: Eagle Ford Shale, Number of Drilling Permits for Some of the Major Operators, Texas, January 2012-April 2012
Figure 13: Eagle Ford Shale, Number of Drilling Permits for Some of the Major Operators, Texas, 2011
Figure 14: Eagle Ford Shale, Number of Drilling Permits for Top 30 Operators, Texas, 2010-April 2012
Figure 15: Eagle Ford Shale, Major Companies by Acreage, Net Acres, 2012-
Figure 16: Eagle Ford Shale, Top 20 Companies by Gross Production, Texas, MMboe, January 2012-April 2012-
Figure 17: Eagle Ford Shale, Top 20 Companies by Production, MMboe, 2011
Figure 18: EOG Resources Inc, Eagle Ford Shale, Operational Map, 2012-

Eagle Ford Shale Sees Oil Production Burn Up

The Eagle Ford shale play in Texas is benefiting from increasing production, as crude oil growth overtakes natural gas production, pushing up the shale’s profitability, claims a new report by The authors.

The new report* cites that several oil and gas majors have moved in on the shale play, investing millions of dollars in an attempt to reap valuable fossil fuel rewards.

Eagle Ford production showed a three-fold increase in overall production in 2011 over 2010 levels, thanks to an increase in crude oil prices over natural gas prices. Texas has seen the Eagle Ford shale churn out four times as much liquids in 2011 as compared to 2010, with production growing from 10.8MMboe to 57.5MMboe, and the profitability associated with the crude oil prices is supporting this trend.

Production booms in the Eagle Ford play have rewarded companies such as Anadarko Petroleum Corporation, Petrohawk Energy Corporation, EOG Resources Inc, Burlington Resources Inc, and Rosetta Resources Inc with high volumes of natural gas and high-quality liquids. According to the Railroad Commission of Texas, Briscoe Ranch field reported the highest gross production of around 26.2MMboe from the Eagle Ford shale during 2011.

The Eagle Ford shale in Texas has therefore witnessed a significant rise in drilling and exploration activities in 2011–2012, with many oil and gas companies continuously exploring the play in hopes of increasing their production base. A total of 4,286 drilling permits were issued in the play throughout 2011, while the first four months of 2012 have seen 1,620 drilling permits distributed already, and The authors anticipates that the Eagle Ford shale play will continue to see increased drilling activity during the coming years.

Tempted by such huge rewards, Chesapeake Energy Corporation was issued a record number of around 724 drilling permits in the Eagle Ford shale (Texas) during 2011, and allocated around $2,250m–$2,400m of planned capital expenditure for drilling and exploration activities in the Eagle Ford play throughout this year. This level of investment in the shale promises more activity in the future, as major companies fight it out to win a piece of the Eagle Ford shale’s resources.

Total gross production from the Eagle Ford shale increased from 0.02MMboe in 2006 to 105MMboe in 2011 at a CAGR of 435%, and is expected to reach 207.3MMboe in 2012, and stabilize at 1,386.3MMboe in 2020.

*Eagle Ford Shale in the US, 2012 - Oil Shale Market Analysis and Forecasts to 2020

This report provides details on the operational activities in the play analyzing drilling activities, cost trends, initial production rates and well decline curves. It also provides information on production trends in the Eagle Ford shale, with forecast to 2020, and analyzes the competitive landscape of the Eagle Ford shale, detailing operations of the top five companies. The report highlights infrastructure details in the Eagle Ford shale, and provides details of the merger and acquisition activities in the play during the period 2008–till date.

EOG Resources Inc.
Chesapeake Energy Corporation
BP Plc
BHP Billiton
Marathon Oil Corporation

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