Eagle Ford Shale in the US, 2019 - Oil and Gas Shale Market Analysis and Outlook to 2023

Eagle Ford Shale in the US, 2019 - Oil and Gas Shale Market Analysis and Outlook to 2023

Summary

Eagle Ford shale constitutes of a sedimentary shale rock formation in the Texas region that is considered as one of the most profitable formations for exploration and production activities in the US. The major counties for prolific crude oil and condensate production in the Eagle Ford play include Karnes, De Witt, La Salle, Dimmit, and Gonzales. The Eagle Ford play also constitutes largely of condensates and dry gas resources. The major producing counties for natural gas include Webb, Karnes, De Witt, Dimmit, and La Salle.

Eagle Fords definitely remains a sound investment for oil and gas operators. During 2018 Eagle Ford re-emerged as one of the lucrative destinations for oil and gas companies. The well economics of the play are robust with current commodity prices and operators are starting to assess areas outside the core zone of the play, moving out from the so-called Karnes Trough.

Also of relevance is that some operators are re-assessing the production upside of targeting several benches such as the overlying Austin Chalk formation. The recent M&A activity also confirms how operators try to increase their operations in the Eagle Ford; this was in fact a main driver in Chesapeake Energy’s acquisition of WildHorse Resource Development. Eagle Ford won’t become the engine of USL48 unconventional production but it still has growth potential.

The location of the play allows for better oil and natural gas pricing in comparison to Permian output with proximity to major hydrocarbon processing facilities and export terminals on the Gulf Coast. This, along with sufficiently developed midstream infrastructure, is an important aspect in the enduring attractiveness of Eagle Ford for oil and gas companies.

Companies such as EOG Resources Inc., Chesapeake Energy Corporation, Marathon Oil Corporation, ConocoPhillips and Noble Energy are among the leading producers in the Eagle Ford shale in 2018.

The latest market analysis report "Eagle Ford Shale in the US, 2019 - Oil and Gas Shale Market Analysis and Outlook to 2023", reveals that the shale play has reverted a production decline and leading operators continue to increase the scale of their operations. There are still some sections within the Eagle Ford shale play which are underdeveloped, especially in the northern part comprising the Burleson and Brazos counties and some companies are also assessing the overlying Austin Chalk formation.

Scope

The report analyzes the oil and gas appraisal and production activities in the Eagle Ford shale. The scope of the report includes -

• Comprehensive analysis of crude oil & condensate, and natural gas production across major counties in Texas during 2013-2018, as well as production outlook from 2019 to 2023
  
• In-depth information of well permits issued in the Eagle Ford shale by county and by company for 2018
  
• Detailed understanding of IP rates and type well profiles in Austin Chalk and Eagle Ford formations
  
• Exhaustive analysis of Eagle Ford’s competitive landscape in terms of net acreage, gross production, cost trends and planned investments.
  
• Comparison of type well economic metrics of major players were also compared
  
• Up-to-date information on major mergers and acquisitions, and contracts in the Eagle Ford shale between 2013 and 2018
  
• Overview of midstream and downstream infrastructure for Eagle Ford shale.
  

Reasons to Buy

• Develop business strategies with the help of specific insights into the Eagle Ford shale
  
• Plan your strategies based on expected developments of the Eagle Ford shale
  
• Understand the competitive landscape of the companies in the Eagle Ford shale
  
• Keep yourself informed of the latest developments and contracts in this attractive shale play
  
• Identify opportunities and challenges in the Eagle Ford shale in the US.