Exploration and Production companies working in the Eagle Ford Shale

Many Companies Reaping the Benefits of Early Action in Eagle Ford The Eagle Ford shale encompasses 30 counties in South Texas, and projections for the output of oil in the Eagle Ford Shale continue to grow as companies lay pipeline and increase the number of active wells. In fact, last October the Eagle Ford output reached the 1 million barrel per day mark before the Bakken Shale in North Dakota, and in the next six years that number is expected to double. EOG Resources The current front runner with the best position in the Eagle Ford region is EOG Resources. Because of their foresight, leasing before predictions identified Eagle Ford as a productive region, their holdings include around 650,000 acres. EOG Resources recovers oil using extended reach horizontal wells, and Wood Mackenzie, the energy consulting firm, estimates the value of EOG’s position at $22 billion. ConocoPhillips Conoco Phillips, who also got in on the action in the days before the area began showing real promise,
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