Sunday, May 22, 2011

BENTEK: Eagle Ford Crude Oil Production Expected to Grow Fivefold in Five Years [...]

Business Wire, Apr 18, 2011
Oil, gas and NGL production from the liquids-rich Eagle Ford Shale in South Texas set to boom, due to a highly attractive oil/condensate play, a solid base of midstream infrastructure, extensive planned infrastructure expansions and proximity to some of the largest energy markets in North America. [...]

“Horizontal drilling for oil has been highly successful in the northern part of the play, with production expected to increase [more than] fivefold from current levels of 71,000 barrels of oil per day (B/pd) to an average of 421,000 B/pd by 2015, [almost as much as Australia],” said BENTEK Managing Director E. Russell (Rusty) Braziel. “We are projecting that dry natural gas production, mostly located in the southern portion of the Eagle Ford, will increase [...] [Read more]

(For the current Eagle Ford production of crude oil and condensate, please also see, inter alia, here. Update: for the 2012 figures of crude oil -- here. The increase in U.S. crude oil production in 2010 was led by escalating horizontal drilling programs in U.S. shale plays---please see my post "United States: Oil Production From Shale Formations, 2005-2010 -- EIA," here. For the map of the Eagle Ford shale from the U.S. Energy Information Administration/EIA - map date Oct 6, 2010, please see here. For EIA's map of North American shale plays, including the United States, Canada and Mexico, as of May 9, 2011, please see here. Mexico has begun drilling its northern regions for shale gas which it regards as an extension of the US' frenzied Eagle Ford Shale in South Texas, a bonanza which contains both oil and gas---please see my post, here. Mexico's state-owned oil company PetrĂ³leos Mexicanos/Pemex, said in March it had produced its first shale gas from an exploratory well at the Eagle Ford Shale formation in the northeastern state of Coahuila in February. -- D.R.)

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