Texas is well known for its role in helping push the United States to becoming one of the world’s top oil and gas producers. This page has a general overview of the South Texas region along with the history, drilling methods, and the Eagle Ford and Pearsall formations in the area. It also provides you with the current production rates as well as the top producing companies in the area. With the first oil well being discovered in the region in 1894, South Texas has a long time partnership with the oil and gas industry.
Top Producing Formations in the area
Eagleford Shale Formation
The Eagleford is often referred to as the largest economic push in the history of Texas. The development of the area reached $30 billion dollars by 2013. It is spread over a 30 county area, and it is the most actively drilled formation in the world with 200+ rigs currently in use. With wells producing over 4,000 barrels a day and 200 active companies in the area, Eagleford has proven results.
Pearsall Shale Formation
The Pearsall shale formation is a newer discovery that has shown great potential. In 2014, almost half a million barrels of oil were recovered, and there are currently 51 producing leases by 17 operators. As of 2014, there have been 1,286 wells drilled to date.
Current Production Rates
The Eagle Ford is currently producing 1,716 barrels of oil a day and 7,527 cubic feet of gas a day as of January 2015. With over 95% of the wells being horizontal wells with a mere six wells being directional and eight vertical. These numbers along with the Pearsall formation just emerging as a proven area, show South Texas appears to have many profitable years ahead.
Top Companies in South Texas
Some of the top operators in South Texas include: Apache Corp, Cabot Oil & Gas, Chesapeake Energy, Eagle Ford Oil & Gas Corp., PetroHawk (now BHP), Statoil, Texas American Resources, U.S. Energy Corp., and ZaZa Energy.
If you are interested in investing in South Texas oil and gas, please check out our FORMATIONS PAGE, RESOURCES Page, as well as download our free insider’s guide and legit meter before making any decisions on investing. This information will help you know what to look for in a region, company or operator before investing in the oil and gas industry.
- For almost one hundred years, San Antonio was the largest city in the west and a commerce giant that helped spur the Texas economy.
- Vaqueros were the original cowboys from Mexico. Their unique roping techniques were adopted by American cowboys and Native Americans.
- The original cowboys came from Mexico and were called vaqueros. Their unique techniques for roping were picked up and used by American cowboys and Native Americans.
- Throughout history, tornado activity in the area is 99% more than the United States average.
- The last battle of the Civil war was fought in 1865 at Palmito Ranch in South Texas.