Eagle Ford Shale production
According to the U.S. Energy Information Administration (or EIA), natural gas production in the Eagle Ford Shale in Texas increased ~343% in the past seven and a half years. In October 2014, the region produced ~7.1 billion cubic feet per day (or Bcf/d), compared to ~1.6 Bcf/d in January 2007.
Production per rig
From 2011 to 2014, rig counts in the Eagle Ford Shale haven’t changed significantly. There were ~268 in operation in October 2011 and there are currently 295 rigs. However, there has been a shift from predominantly natural gas-directed rigs to liquids-directed rigs. Natural gas rigs accounted for 43% of the total in 2011. Now, they’re down to ~7%.
From January 2007 to October 2014, natural gas production per rig has increased to 1.26 Bcf/d to 1.41 Bcf/d, or by ~12%.
Read more about the Eagle Ford Shale in Why the shale boom transformed US energy markets.
Key stocks and exchange-traded funds (or ETFs)
Many producers are also part of the Energy Select SPDR ETF (or XLE) and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
In the concluding part of this series, we’ll look at natural gas liquids production in the US.