Oil production from the Eagle Ford Shale in South Texas, 2012-2019. New drilling in Eagle Ford only replaces production declines from old wells. Data: BloombergNEF. Graphic: Bloomberg

Faded Texas oil field offers austerity lesson for U.S. shale – “There’s an inflection point coming here because production growth is going to slow down massively”

By Kevin Crowley 2 December 2019 (Bloomberg) – At EOG Resources Inc.’s Francisco lease in the heart of the Eagle Ford Shale in South Texas, a half dozen cows laze in the shade of a tree next to black oil-storage tanks. A small flare burns atop a steel pylon, like a memorial to the boom […]

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