RigData Insights

Don’t be Fooled by the Numbers, Eagle Ford Play is a Sleeping Giant

  • Tuesday, September 27, 2016
  • Posted By Meagan Wildfong

EagleFordblogAs reported September 22, 2016 in The Barrel blog by Laura Huchzermeyer, Associate editor, S&P Global Platts.

The Eagle Ford shale oil patch has seen brighter days. New well permits are down, production is low (down from its 2015 peak of 1.7 million b/d, to around 980,000 b/d this year) and producers are pulling out of the region to focus their efforts elsewhere.

Symbolic of the mood in the field, things were a little more subdued at the recent Hart Energy DUG Eagle Ford conference in San Antonio.

Many attendees were quick to notice the smaller scale of the conference this year.  Lower oil and gas prices meant a lighter presence and scaled-back events surrounding the conference, which was held in conjunction with the Midstream Texas conference. Major players and past year exhibitors like Baker Hughes and Halliburton were obviously missing from the smaller-than-usual exhibition space and at least one attendee compared this year to past years by lamenting the absence of magicians and open bar at an after-hours mixer.

 

To continue reading the full story, follow this link to Platts The Barrel.

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