The DUG Eagle Ford Conference and Exhibition took place in San Antonio this week. While there, Hart Energy's Jessica Morales sat down with Peter Duncan, president and CEO of MicrosSeismic Inc., to discuss topics of interest from the event.
“It has really been exciting at the Eagle Ford conference this week to see the interest returning back to the Eagle Ford. I have to ascribe that to the fact that the Eagle Ford is mature. People understand the geology. They know where to play and yet there are still large drilling inventories,” Duncan said.
“Clearly the location, the infrastructure, close to the market. The ability to get LNG plants and processing plants is enabling the Eagle Ford to become a really active play again.”
Valor said the estimated costs are $3.7 billion for Argentina and another $1.2 billion for Brazil.
The natural decline rates of existing oil and gas wells across major shale plays in the U.S. will contribute to a tighter supply/demand balance.
Pin Oak Energy closed a transaction with a Shell affiliate to acquire roughly 43,000 acres prospective for Utica Shale development in northwestern Pennsylvania.