Explore What's Working in South Texas
The Eagle Ford and its world-class reservoir rock have been beset by the same economic challenges as other unconventional markets. But consensus says the bottom is behind us and recovery is ahead.
Stay connected to the latest intelligence coming from the field at this year's DUG Eagle Ford conference and exhibition, September 19 - 21 at the Henry B. Gonzalez Convention Center in San Antonio.
Attend DUG Eagle Ford to:
- Hear directly from the region's most active producers – find out how they are preparing for the market recovery ahead
- Learn where the industry's top analysts forecast oil prices to be at the end of 2018 and beyond
- Learn more about water, sand, and logistics options during DUG Technology — our expanded second-day agenda featuring expert panels, technical spotlights and roundtable discussions covering a range of topics
- Get face-time with peers and other industry professionals during 9+ hours of dedicated networking
- U.S crude production sky-rocketed to an all-time high of 10.47 Mbbl/d in March. Texas alone saw a 4% increase to a record high of 4.2 Mbbl/d.
- Analysts predict the Eagle Ford will generate 1.39 Mbbl/d in June, the strongest production the region has seen since February 2016.
- Wildhorse Resource Development Corp. and Texas A&M Engineering Experiment Station received an $8 million grant from the DOE to develop a new field laboratory in the Eagle Ford shale. Their project will test next-generation monitoring solutions to increase the effectiveness of hydraulic fracturing and EOR.
- EOG Resources’ premium-only drilling strategy netted $639.6 million in Q1 of 2018 — an impressive rise from last year’s $28.5 million Q1 profits. The company completed more than 150 net wells and plans to remain focused on optimizing well spacing and package size to improve operational efficiency.
- Penn Virginia increased its Eagle Ford leasehold position by 35%, paying Devon Energy $205 million for roughly 19,600 net acres across Lavaca County, Texas. Total potential for the newly acquired acreage is estimated at more than 60 million barrels of oil.
- Texas-based Black Mountain Sand recently acquired 2,300 acres in Atascosa County (south of San Antonio) and will begin constructing its third frac sand mine immediately. Using in-basin sand in the Eagle Ford will reportedly cut nearly $500,000 off the cost of well completion.