This is my favorite line, validating what I've been blogging for quite some time (that part in bold):
The IHS Herold Eagle Ford Regional Play Assessment said typical well performance as well as peak-month production of the Eagle Ford’s best wells exceeds wells drilled in the Bakken formation, often considered the tight oil standard.Note the price they are paying for acre in the Eagle Ford:
The Eagle Ford’s favorable outlook is reflected in a competitive merger and acquisition environment, with implied deal values averaging $14,000/acre for Eagle Ford acreage in 2011 and top prices approaching $25,000/acre, IHS said.It's my understanding that the Eagle Ford play is much thicker than the Bakken. How this all plays out has to do with the economics of each well. Period. Dot.
