Eagle Ford continues to pull billions in investments

Eagle Ford Texas | Zachary Toliver

Analysts believe that energy companies will spend $20 billion in the Eagle Ford this year despite global oil glut.

These days, petroleum prices are a calamity at best, but according to a new projected capital analysis, energy companies will spend $20 billion in the Eagle Ford Shale this year. “The big players in the Eagle Ford are some of the most stable companies in U.S. onshore markets,” Wood Mackenzie analyst Jeremy Sherby said. “Overall, Eagle Ford production growth is not dependent on the smaller, more financially vulnerable companies.” If oil prices can remain around a minimum of $55 per barrel, Wood Mackenzie expects the Eagle Ford to reach a production level of 2 million barrels per day by 2020.

Read Full Article

Related Posts

ABOUT THIRD PARTY LINKS ON OUR SITE

Sanchez Energy Corporation’s Website offers links to other third party websites that may be of interest to our website visitors. The links provided on our website are provided solely for your convenience and may assist you in locating other useful information on the Internet. When you click on these links you will leave the Sanchez Energy Corporation’s website and will be redirected to another site. These sites are not under the control of Sanchez Energy Corporation.

Sanchez Energy Corporation is not responsible for the content of linked third party websites. We are not an agent for these third parties nor do we endorse or guarantee their products or information. We make no representation or warranty regarding the accuracy of the information contained in the linked sites. We suggest that you always verify the information obtained from linked websites before acting upon this information.

Also, please be aware that the security and privacy policies on these sites may be different than Sanchez Energy Corporation’s policies, so please read third party privacy and security policies closely.

If you have any questions or concerns about the products and services offered on linked third party websites, please contact the third party directly.