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Saturday, May 19, 2012

Eagle Ford Production Expected to Soar

Link here.
Production in the Eagle Ford could reach 1 million barrels a day by 2016, a year after the Bakken Shale in North Dakota and Montana does, said Trevor Sloan, director of energy research at ITG Investment Research in Calgary, Canada. “So the growth rate out of there would be pretty spectacular.”
Same challenges as the Bakken:
About 1,400 Eagle Ford wells are waiting to be completed or to be tied to pipelines, ITG research shows. There are also shortages of crews and water and too few pipelines.

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