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There's a shortage of casing and tubing and
operators are paying 2-3 times prices they were
paying a few months back. Why doesn't Congress
investigate "Big Steel" ?
operators are paying 2-3 times prices they were
paying a few months back. Why doesn't Congress
investigate "Big Steel" ?
BigOilFields.Com
Major Discovery? Eagle Ford
Shale Could Rival Bakken for Oil Reserves
There are 2 horizontal wells under way that could
make a major impact on the future of oil and gas
prices in the U.S. The Eagle Ford Shale has long
been believed to be the source rock for much of
the oil & gas produced in the prolific Austin Chalk.
Two horizontal Eagle Ford wells are currently being
completed by TXCO in Maverick County, Texas.
In an August 11th analyst meeting the company’s
CEO announce that these wells and a greater
potential than the recently completed Pearsall
Shale that tested 3.8 million cubic feet per day.
The extent of the Eagle Ford play could reach from
the Mexican Border in South Texas to Northern
Louisiana and beyond. This pay appears to be
productive and blankets in at least 4 counties of
South Texas. If this play is extended to the East
Texas Austin Chalk fields it could easily account for
billions of barrels of oil in reserves and more than
a million barrels a day in production.Petrohawk has
announced 7.2 MMCF + 250 bblsopd in La Salle
County.
Shale Could Rival Bakken for Oil Reserves
There are 2 horizontal wells under way that could
make a major impact on the future of oil and gas
prices in the U.S. The Eagle Ford Shale has long
been believed to be the source rock for much of
the oil & gas produced in the prolific Austin Chalk.
Two horizontal Eagle Ford wells are currently being
completed by TXCO in Maverick County, Texas.
In an August 11th analyst meeting the company’s
CEO announce that these wells and a greater
potential than the recently completed Pearsall
Shale that tested 3.8 million cubic feet per day.
The extent of the Eagle Ford play could reach from
the Mexican Border in South Texas to Northern
Louisiana and beyond. This pay appears to be
productive and blankets in at least 4 counties of
South Texas. If this play is extended to the East
Texas Austin Chalk fields it could easily account for
billions of barrels of oil in reserves and more than
a million barrels a day in production.Petrohawk has
announced 7.2 MMCF + 250 bblsopd in La Salle
County.
