The Eagle Ford shale play—located in East Texas, extending into Mexico, and spread across approximately 26 Texas counties—is one of the major oil and gas plays in the U.S. The play itself produces tight oil and shale gas out of its shaley matrix.

The basin’s producing shale averages 250 feet thick, but can reach up to 400 feet, and is approximately 400 miles long and 50 miles wide.

400 Miles of Oil: EnerCom Conference Presenters will Discuss Eagle Ford Operations, Growth

Source: EIA

The basin’s production peaked in late 2014 at approximately 1.65 MMBOPD and 7 Bcf per day.

After that, production hit a trough in late 2016 following the drying up of oil and gas activity due to the price downturn. But the basin’s production has cranked up again, having grown back to approximately 1.350 BOPD and 6.5 Bcf per day of natural gas—according to a July report by the EIA.

400 Miles of Oil: EnerCom Conference Presenters will Discuss Eagle Ford Operations, Growth

Source: EIA

Attractive economics in the Eagle Ford

Eagle Ford economics have proven attractive even during a down-cycle—with Cabot Oil & Gas (ticker: COG), for example, reporting lifting costs of $4.60 per barrel in 2016 and anticipating that price to decrease below the four-dollar mark. Sanchez (ticker: SN) anticipates that its well drilling, completions, and infrastructure costs for the coming year will be between $3-5 million per well in most of its acreage.

Eagle Ford acreage acquisitions have become economically popular, with 2017 acquisitions in the $5,000 to $7,000 per acre range—versus pre-crash 2013, when Devon (ticker: DVN) purchased acreage for a record estimated price of $73,171 per acre.

Eagle Ford operators coming to EnerCom’s The Oil and Gas Conference® Aug. 13-17, 2017

EnerCom, Inc. is excited to host a number of ranking Eagle Ford producers at its 22nd The Oil and Gas Conference® coming to Denver in August. Among these producers who are presenting are:

  • Cabot Oil & Gas Corporation (COG)
  • Carrizo Oil and Gas (CRZO)
  • Earthstone Energy, Inc. (ESTE)
  • Goodrich Petroleum Corporation (GDP)
  • Lonestar Resources (LONE)
  • Penn Virginia Corporation (PVAC)
  • Sanchez Energy Corporation (SN)
  • Shell (RDS.A)
  • SilverBow Resources (SBOW)
  • SM Energy (SM)
  • Sundance Energy (SNDE)
  • S. Energy Corp. (USEG)
  • WildHorse Resource Development (WRD)

EnerCom’s The Oil & Gas Conference® 22

The conference is EnerCom’s 22nd Denver-based oil and gas focused investor conference, bringing together publicly traded E&Ps and oilfield service and technology companies with institutional investors.  The conference will be at the Denver Downtown Westin Hotel, August 13-17, 2017. To register for The Oil & Gas Conference® 22 please visit the conference website.

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