Eagle Ford Production Jumps

Apr

23

Oil production in Texas's Eagle Ford shale formation reached an all-time high in February as it climbed 74 percent compared with a year earlier.

The nine geographic fields that make up the majority of Eagle Ford yielded 471,258 barrels of crude a day in February, according to preliminary data released by the Texas Railroad Commission, which oversees oil and gas drilling in the state. In February 2012, the fields produced 271,521 barrels daily.

Commission production totals typically increase in subsequent months as the state receives revised, corrected or late reports. January output was revised to 462,160 barrels a day from the preliminary report of 373,303.

Production of condensates, or natural gas liquids, was 89,217 barrels a day in February, down from 117,789 a year earlier, as drillers moved away from less profitable gas.

Production of natural gas was 1.79 billion cubic feet a day, compared with 1.87 billion the year before.