Plenty of locations still exit in the Eagle Ford Shale, but only at higher oil prices, according to a recent report from Bernstein Research.
Drilling rig in the Eagle Ford Shale in Karnes County, Texas. (Source: Hart Energy)
The effects of persistent lower oil prices are increasingly leaving their mark across the U.S. shale plays and are now being felt in the core of one the most mature unconventional plays—the Eagle Ford Shale.
A Feb. 13 report from Bernstein Research highlighted what the firm termed the first significant production weakness in the most productive and heavily drilled areas of the Eagle Ford.
“And 2019 marks the first year in the past eight years [nearly the entirety of the Eagle Ford’s life] that wells in most-intensely drilled sections have become less productive,” the Bernstein analyst team led by Bob Brackett said.
Susan Klann has more than 30 years of publishing experience, with more than half of those spent in oil and gas publishing with Hart Energy, most recently as group managing editor of Oil and Gas Investor.