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Bureau of Economic Geology: 10B barrels in Eagle Ford ‘recoverable’

oil-jack The once-mighty Eagle Ford Shale oil patch is on its heels, on track for the lowest amount of drilling activity in six years, and getting out-shined by another, bigger field — the Permian Basin in West Texas.

But scientists Tuesday painted a vastly expanded picture of the Eagle Ford: as a place where at least 80,000 more wells will be drilled and companies could recover 10 billion barrels of oil at today’s prices.

The University of Texas at Austin’s Bureau of Economic Geology released new, unpublished research on the field at Hart Energy’s DUG Eagle Ford conference in San Antonio.

Midland Reporter-Telegram, Sept. 14, 2016

Featuring:

Scott Tinker, Director, Bureau of Economic Geology, Jackson School of Geosciences

Svetlana Ikonnikova, research scientist,Bureau of Economic Geology, Jackson School of Geosciences.