Eagle Ford Oil Production Above 310,000 Barrels a Day in July
Oil production in the Eagle Ford shale formation of southern Texas topped 310,000 barrels a day in July.
The nine fields that make up the majority of the 400-mile- long (644-kilometer) play pumped out 310,370 barrels a day, preliminary data on the Texas Railroad Commission’s website showed. That’s up from a revised count of 309,979 barrels a day in June, and 120,532 a day in July 2011.
The fields produced 51,676 barrels a day of condensate and 1.21 billion cubic feet a day of natural gas in July.
Growing production out of Eagle Ford is helping fuel a renaissance in Texas crude. The state produced 1.9 million barrels a day in June, the highest monthly level since April 1991, according to the U.S. Energy Department.
The Railroad Commission oversees oil and gas drilling in the state. It collects monthly production reports from sites on which it permits drilling.
The agency updates the data on its website once a month. Those updates typically change as revised, corrected or late reports are received. Last month, for example, preliminary data showed June’s Eagle Ford production at 283,292 barrels a day.
Plains Marketing LP ’s posted price for Eagle Ford oil today was $100.70 a barrel, between yesterday’s settlement prices of $91.87 for West Texas Intermediate and $110.03 for Brent.
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