Eagleford Energy, Inc. - Industry Commentary

Shale Oil to Set-off US Oil Boom?

Wed, 8 Jun 2011 00:00:00

By Robert Sullivan � Exclusive to Oil Investing News

Texas has always been known for its oil, but the black stuff has been overshadowed recently by the �game-changing� shale gas boom in the state and across the rest of the country. The Barnett, Woodford, Haynesville, and Eagle Ford shales all contain significant and commercially viable deposits of gas, which has attracted a number of drillers to these formations, looking for a piece of the action. All this attention has, however, also turned up a surprising amount of oil in a place that has been drilling steadily for over one hundred years. Analysts now believe these new discoveries in Texas and other states could signal the beginnings of another oil boom in the United States, and importantly, help wean the economy off of imported foreign oil.

Stagnating US Crude Production
Despite a recent surge in domestically produced oil, the 5.5 million barrels per day (bpd) of crude produced in 2010 is nowhere near the all-time high of 9. [more]

Eagle Ford Shale Injects Energy into South TX

Wed, 17 Nov 2010 00:00:00

SAN ANTONIO, TX - (GlobeSt.com)- The Eagle Ford Shale, a new oil and natural gas producing field about 45 minutes south of San Antonio, is already making an impact on the city's economy and commercial real estate market. By some accounts, oil and gas firms have leased more than 100,000 square feet of office space here throughout 2010.

�Prior to the Eagle Ford Shale, there weren�t a lot of large oil and gas companies here in San Antonio,� says Jason Schnittger, a vice president with Stream Realty Partners. �It�s attracted some major players in the energy sector. We�ve seen several companies enter the market and create some positive absorption in the office market. [more]

Why the Most Valuable Land in Texas Is Soaring in Price

Wed, 13 Oct 2010 00:00:00

The Eagle Ford shale just got a whole lot more valuable.

Shale drilling has been the most important trend in the U.S. energy sector over the last decade. New technology used to extract natural gas and oil from shale is singularly responsible for an explosion of U.S. [more]

Statoil enters Eagle Ford shale - Strengthens US onshore portfolio

Mon, 11 Oct 2010 00:00:00

Statoil ASA (OSE: STL, NYSE: STO) is strengthening and diversifying its US onshore portfolio by entering the Eagle Ford shale area.
Through agreements with Enduring Resources, LLC and Talisman Energy Inc., Statoil will acquire 67,000 net acres in the Eagle Ford shale formation in Southwest Texas.

�The magnitude of the shale resources in North America and the significant role these resources are expected to play in the future energy mix make this an attractive opportunity,� says John Knight, senior vice president, business development and global unconventional gas.

�This Eagle Ford position complements Statoil�s existing US onshore portfolio, supplying a different range of hydrocarbons to different markets, and it also has a clear path towards operatorship. We now have a long term flexible portfolio with significant optionality and growth potential from the top shale plays,� Knight continues. [more]

The Most Important U.S. Oil Discovery in 40 Years

Mon, 19 Apr 2010 00:00:00

"They've ringed fenced me," Cactus said.

I am not an oil and gas analyst.

I know very little � nothing, really � about the engineering or the geology of hydrocarbon discovery and extraction. Fortunately, my good friend Cactus Schroeder has been discovering oilfields and pumping them dry for more than 30 years. His father was a wildcat Texas oilman, too. If I didn't know better, I'd wager the liquid in Cactus' veins was light crude instead of blood. [more]