From South Texas to the World: International E&Ps Drill Deep in the Eagle Ford

Chris Mathews | Source: Hart Energy | Posted 06/21/2024

U.S. majors are pouring billions of dollars into the Permian Basin, but international energy companies are all-in on the Eagle Ford Shale. U.K.-based supermajor BP Plc and its U.S. shale subsidiary BPX Energy continue to pour investment into new drilling projects in the Eagle Ford, according to Texas Railroad Commission (RRC) data. Image: Texas Permian Basin Location.

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The article highlights the growing interest of international energy companies in the Eagle Ford Shale, contrasting the U.S. majors' focus on the Permian Basin. Companies like BP, Repsol, INEOS, TotalEnergies, and Baytex Energy are investing in the Eagle Ford, with BPX Energy particularly active in Karnes and DeWitt counties. The article also discusses how companies like ConocoPhillips, Marathon Oil, and Devon are undertaking refrac programs in South Texas, emphasizing the region's potential for new drilling opportunities.

Repsol, INEOS, and Baytex Energy are expanding their presence in the Eagle Ford, with Repsol acquiring assets from Equinor and INPEX, while Baytex Energy acquired Ranger Oil Corp. last summer. These companies are actively drilling in the Eagle Ford, with Baytex bringing online several operated wells and focusing on optimizing their acreage for further development. Overall, the Eagle Ford Shale remains a hub of redevelopment activity, attracting investments from both international and domestic energy companies.

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Source Link: https://www.hartenergy.com/exclusives/south-texas-world-international-eps-drill-deep-eagle-ford-209557

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From South Texas to the World: International E&Ps Drill Deep in the Eagle Ford

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