As the largest single economic development in the history of Texas, the Eagle Ford Shale is one of the largest oil and gas developments in the world. This is based on capital investment, as nearly 30 billion dollars were spent on development of the shale in 2013.
The Eagle Ford is located in South Texas and stretches almost 400 miles from the Mexican border all the way to East TX and is 50 miles wide in some areas. This South Texas play is rich in both oil and natural gas producing from various depths from 4,000 to 14,000 feet.
The Eagle Ford is a geological formation that is found directly below the Austin Chalk formation. The play is considered to be the “source rock,” meaning that it is responsible for sourcing hydrocarbons to the shallower Austin Chalk above.
With its high carbonate shale content, the Eagle Ford shale is ideal for fracking and the major players are EOG Resources, ConocoPhillips, BHP Billiton, Chesapeake Energy and Marathon Oil.
Boasting over 1.2 million barrels of oil a day (bpd) in 2015, the Eagle Ford is considered one of the most prominent shale plays in the country.
At one point in time, the shale was one of the most actively drilled shales for oil and gas in the United States, and to this date is one of the hardest mined oil fields in the world.
If you are a mineral or royalty rights owner in the Eagle Ford and you want to sell a all or a portion of your minerals, Stag Minerals can help you out today. We are a seasoned group of oil industry professionals, our seasoned landmen will help you develop a professional plan to sell your mineral rights for the best price. We are committed to helping you get the most for your mineral and royalty rights, so call us today for more information.