Eagle Ford produces its billionth barrel of crude

The Eagle Ford shale region in South Texas has reached another milestone, with industry news source Rig Zone reporting that the area's one billionth barrel of crude and condensate has been produced. The region has emerged as one of the most productive domestic plays, accounting for about 16 percent of total domestic production and helping to cement Texas' position as a world leader in energy. 

Perhaps most impressive is the fact that 70 percent of the one billion barrels was produced in the past two years alone. While the region did have the advantage of some legacy infrastructure and equipment from the area's previous drilling activity, this shows that novel production techniques are largely to thank.

To put the production figures in perspective, the source featured an infographic from Wood Mackenzie. According to this source, 1 billion barrels of crude is enough for four years of gasoline for every driver in Texas, or more than 185 million coast-to-coast trips. 

The area also shows signs of healthy production well into the future, despite a dip in oil prices. A recent update by Wood Mackenzie projects 2.8 million barrels of oil equivalent per day of production in 2015 for the Eagle Ford region. This estimate gives the area the largest share of production in the continental U.S..

Houston oil field management consulting can help those organizations operating in the Eagle Ford region continue contributing to local and global economies well into the future. With current price fluctuations, the importance of maintaining a long-term strategy and striking key partnerships is underlined. Above-the-fray perspective from industry experts can help ensure continued success.