Link here. From
Rigzone:
The liquids rich Eagle Ford shale play in southwest Texas may overtake the Barnett and Haynesville shale gas plays in Texas and Louisiana in terms of production, potentially becoming the largest producing shale play in Texas and the entire U.S., according to a recent report by London-based Evaluate Energy.
The Eagle Ford is currently dwarfed by its neighbors in terms of production, with the Barnett producing 877,000 BOE/d, the Haynesville producing 708,000 BOE/d and Eagle Ford producing 66,000 BOE/d in the fourth quarter of 2010. However, a recent surge in new wells suggests this all about the change, with horizontal drilling for both oil and gas in the Eagle Ford growing rapidly.
Deep in the story, I found this quite interesting:
EIA attributed the increase in gas resources to technological advances in horizontal drilling and hydraulic fracturing. "This is a welcome change because as little as 10 years ago, analysts and politicians said that the United States could not drill its way out of a natural gas shortage," EIA said.
Peak oil? What peak oil?
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