Oil Companies To Invest Almost $30 Billion in Eagle Ford in 2013

Link here to Oil & Gas Journal.

Wood Mackenzie Ltd. calculates oil and gas companies will spend $28 billion in the South Texas Eagle Ford play during 2013.

Callan McMahon, WoodMac upstream analyst, said the anticipated Eagle Ford growth will concentrated on counties having crude oil and condensate exposure.

“The pace of growth in the Eagle Ford shale shows no sign of slowing down, and our analysis indicates that Gonzalez, DeWitt, and Karnes counties have established themselves as the sweet spots of the play, and now account for over 50% of daily liquids production,” said McMahon.