SAN ANTONIO — The Eagle Ford Shale has the greatest potential of all U.S. shale fields — and could help Texas’ oil production could exceed the output of every OPEC country but Saudi Arabia, according to one of Tuesday’s speakers at the Eagle Ford Consortium conference here.
The state’s production, driven mainly by the Eagle Ford Shale in South Texas and the Permian Basin in West Texas, will reach about 3.4 million barrels per day, said Greg Leveille, manager at ConocoPhillips for technology program-unconventional reservoirs.
“What you’re seeing unfold in the Eagle Ford is probably the greatest energy success story we will see in the 21st century,” Leveille said.
The ConocoPhillips forecast set the stage for this week’s conference, where talk turned to the future of the Eagle Ford, the potential for oil and gas production in neighboring Mexico and sustainable development — basically the idea that no one in South Texas wants to end up living in a post-bust ghost town.
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