April Eagle Ford production up 54 % over last year
Bloomberg/Fuel Fix:
Oil production in Texas’s Eagle Ford shale formation rose 54 percent in April from the previous year.Statewide production for Texas was 2.37 million barrels in March. The fact is that the Eagle Ford is probably not the biggest prospect in the state. The Cline formation in West Texas has much more potential that is only just now being explored.
The nine fields that make up the majority of Eagle Ford yielded 530,689 barrels of crude a day, according to preliminary data released by the Texas Railroad Commission, which oversees oil and gas drilling in the state. The fields produced 345,702 barrels daily in April 2012.
February output was revised to 561,554 barrels a day from the preliminary report of 529,874, the commission said. Production totals typically increase in subsequent months as the state receives revised, corrected or late reports.
...
Comments
Post a Comment