Local Drilling Stats and Numbers From An Eagle Ford Shale Lawyer
As an experienced Eagle Ford Shale lawyer, I’ve learned a lot about our state, our resources and, of course, the Eagle Ford region over the years. If you live in the area, have interests in the area or are looking to invest in exploration efforts in the Eagle Ford Shale, be sure to check out my guide to local stats and numbers below.
Here are some must-know facts about the Eagle Ford Shale:
- Size – At 50 miles wide and 400 miles long, the Eagle Ford Shale is one of the biggest resource deposits in the country. It averages 250 feet thick and extends as deep as 12,000 feet below the surface!
- Growth – In 2009, there were only 40 oil leases that were actually producing. In 2010, the numbers climbed to 72, in 2011 it was 368, and in 2012 it jumped to 1,262. Last year, more than 2,500 leases were producing. Altogether, since the Eagle Ford Shale was first drilled in 2008, the number of producing leases has increased by more than 6,000 percent.
- In 2014 – Between January and March alone, more than 800,000 barrels of oil were produced in the Eagle Ford region per day. An additional 3,496 cubic feet of natural gas was also discovered daily.
- Area – Karnes Country is the biggest oil producer in the region, and as an Eagle Ford Shale lawyer, I can tell you that this is one of the most sought-after areas for new leases. Coming in close behind are La Salle County, Gonzales County and McMullen County.
- Economic Benefits – According to a study by the University of Texas at San Antonio, the Eagle Ford Shale may add close to 70,000 full-time jobs to the region by the year 2020. It is also expected to add a whopping $21.5 billion to the local economy.
Want to learn more about the Eagle Ford region? Interested in exploring resources or mineral rights there? Then contact an Eagle Ford Shale lawyer at the Law Offices of Pat Maloney today.