Global Data: Higher Investment is Needed for Eagle Ford to Facilitate Production Growth

An additional $1.5 billion of investment is required to increase production by 10% in Eagle Ford by the end of next year.

Hart Energy Staff

Crude oil and natural gas production in the Eagle Ford shale play, situated in southeast Texas, dropped by almost 35% and 20%, respectively, in May 2020 due to the COVID-19 pandemic, according to GlobalData.

The leading data and analytics company notes that, despite a recent sustained upswing in WTI crude oil prices, with prices hovering over $70 per barrel, production of both crude oil and natural gas is failing to show signs of a major increase. In order to reverse the production trend, it is estimated that an additional $1.5 billion of investment is required to increase production by 10% by the end of next year.

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