Energy & Mining International - Spring 2013 - (Page 20)

+ E A G L E F O R D S H A L E | DEPARTMENT AND FEATURES Spring 2013 Producer Vigilance Required There’s big business to be had in the Eagle Ford Shale in Texas, but producers will likely face stumbling blocks along the way to profitability. BY I. BOBBY MAJUMDER AND LYNWOOD E. REINHARDT 20 T exas crude oil production has doubled in the past three years. The use of hydraulic fracturing – colloquially, and oftentimes pejoratively, called “fracking” – combined with directional drilling in shale plays to release oil and gas from hydrocarbon-rich shale formations is the most exciting development in the production of petroleum in the United States in more than a century. Offering the promise of energy independence that is coveted by both sides of the political aisle, hydraulic fracturing in shale plays first found widespread use in the Barnett Shale play around Fort Worth, Texas. But the reserves of the Barnett Shale play—estimated to be 30 trillion cubic feet of recoverable gas—are tiny in comparison to the Barnett’s larger cousin, the Eagle Ford Shale. Stretching in a broad, 50-mile wide arc from the Texas border with Mexico in the southern part of the state – spanned along the border by Piedras Negras to the north and Nuevo Laredo to the south – the Eagle Ford Shale play extends nearly 400 miles into central Texas. Halliburton estimates that the Eagle Ford has recoverable gas reserves of approximately 150 trillion cubic feet and oil reserves of approximately 3 billion barrels. The Eagle Ford is atypical as a shale play: while most shale plays are poor in the area of recoverable oil reserves, the Eagle Ford is rich in such reserves. As a result, while other gas shale

Table of Contents for the Digital Edition of Energy & Mining International - Spring 2013

Energy & Mining International - Spring 2013
Washington, D.C.
Independent Exploration
Drilling Down
Pipeline Infrastructure
Marine Oil Terminals
Eagle Ford Shale
Monterey Shale
Marcellus Shale
Bakken Shale
Monitoring Fracking
Compliance Abroad
Public/Private Sales
Qv21 Technologies
PVR Partners LP
Lake Truck Lines
Aurcana/Rio Grande Mining Co. – Shafter Mine
Ruder Ware
Legacy Steel Buildings
Mineral Park Mine/Mercator Minerals Ltd.
Hearn Trucking LLC
John Fithian Contracting Co.
Chemex LLC
Global Diving & Salvage Inc.
Gold Spur Trucking
TAM International Inc.
Industrial Minerals Focus
The Mouat Company
Hi-Crush Partners
Mill Creek Sand and Gravel/Peaskie Minerals
Del Sol Industrial Services Inc.
Market & Johnson
Fortress Proppants
Canada Focus
Strategic Oil & Gas
Copper Fox Metals
Standard Machine
Gold Reach Resources
Treasury Metals Inc.
Canadian Zinc
Havlik Gear
The Final Shot

Energy & Mining International - Spring 2013