Random Update Of EOG -- SeekingAlpha

Oil production in Texas’ Eagle Ford shale formation jumped 54% Y/Y in April; the nine fields that make up the majority of Eagle Ford yielded ~530K bbl/day of crude, after February output was revised higher by ~6%.

EOG Resources is the largest Eagle Ford leaseholder, with 639K net acres, and Chesapeake is next with 485K.

Disclaimer: this is not investment site. Do not make any investment decisions based on what you read here, but this is one of the reasons I like EOG, and Chesapeake, now: they are the largest leaseholders in the Eagle Ford, which over time, should be more productive and more profitable than the Bakken. 

All things being equal, being located closer to the Gulf helps lower transportation costs, though as more pipelines/railroad come on-line, transportation costs are less of a problem.

I think I read somewhere that takeaway capacity in the Bakken is about 800K bopd by rail in the Bakken, and about 500K bopd by pipeline. That ... here it is -- in yesterday's Dickinson Press:

In 2008, with an oversupply problem in Cushing, North Dakota reached its then-capacity for pipeline shipments of 189,000 barrels per day, leading producers to begin shipping by train to new markets.

Billions of dollars in rail and pipeline facilities have been built over the past few years, bumping North Dakota’s current rail shipping capacity to about 800,000 barrels daily and about 583,000 barrels by pipeline.

North Dakota is producing just under 800,000 bopd.

Elsewhere in the linked article:

... a barrel of West Texas Intermediate, the light sweet crude North Dakota produces, has been more than $20 cheaper than a premium Brent barrel over the past year, but the gap recently narrowed to less than half of that. WTI prices on Thursday were about $95 a barrel, compared to about $103 a barrel for Brent crude.

A barrel shipped by rail typically costs $2 to $3 more than if it were shipped by pipeline, Kringstad said.

“Spending an extra $2 or $3 to get an extra $8 — it’s not tough to see what the incentive is,” Kringstad said. “But since the price has narrowed, producers are reassessing their options. It’s all market driven with pricing.”

And the lede:

The percentage of North Dakota oil shipped by pipelines has dramatically slipped in the past year as producers have turned to trains to reach faraway U.S. refineries where premium prices are fetched based on foreign crude prices.

But state and industry officials believe the pendulum may be swinging back in favor of pipelines as the price differential narrows between domestic and overseas crude.