Energy companies are making a huge bet on South Texas. The Eagle Ford is now the largest single oil and gas development in the world based on capital expenditures. The Eagle Ford Shale is a geological formation spreading across some 20 counties from southern to central Texas. It is believed to be the "source rock" for all the hydrocarbons above it, including dry gas, wet gas, natural gas liquids, condensate and finally oil.
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The Eagle Ford has attracted companies big and small. It was originally discovered by PetroHawk in 2010. Big capital early movers include ConocoPhillips (NYSE:COP), EOG (NYSE:EOG), Chesapeake (NYSE:CHK) and Anadarkro (NYSE:APC). PetroHawk would later be...
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