Curious about the Eaglebine – the eastern edge of the Eagle Ford Shale – or the Pearsall Shale, which underlies the Eagle Ford?
Drillinginfo has answers.
The data firm that tracks well performance around the world has a blog post here about what’s happening in the Eaglebine and Pearsall – some of the formations that Eagle Ford watchers gossip about the most.
To sum it up: “Activity did spike in permitting in 2012 and 2013 for both, but the true story will be told in 2014 with production,” writes Elizabeth Lipps, a research associate at Drillinginfo.
Lipps crunched some numbers and found that Eaglebine drilling permits increased from 70 to 139 between 2011 and 2012.
Permits in the Pearsall went from 13 to 35 in that same time period.
Halcon Operating Co. is the biggest Eaglebine operator – it holds about 60,000 net acres in what it calls the El Halcon field. The company considers its acreage to be the next extension of the Eagle Ford field.
(The Eaglebine is where the Eagle Ford bumps into the Woodbine Sandstone, the source rock of the great East Texas Field – one of the biggest oil discoveries ever).
Cabot Oil & Gas Corp. is the biggest Pearsall operator, with about 50,000 net acres in Atascosa, Frio, La Salle and Zavala counties.