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Bakken, Eagle Ford account for three-fourths of U.S. energy growth

  • North Dakota’s Bakken and south Texas’ Eagle Ford shale formations were responsible for 75% of oil production growth over the past month, and west Texas’ Permian remains the biggest overall oil producer, according to a first-of-its-kind EIA report released Tuesday.
  • The Marcellus formation, which straddles Pennsylvania, West Virginia and New York, accounted for 75% of natural gas' production growth, the report said.
  • Top Bakken producers in the Bakken include Oasis Petroleum (OAS) and Continental Resources (CLR); in the Eagle Ford, EOG Resources (EOG) and Chesapeake (CHK) are among the top producers, while Diamondback Energy (FANG) is a top asset holder in the Permian.
  • Cabot Oil & Gas (COG) is among the largest producers in the Marcellus formation.
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Comments (5)
  • User 353732
    , contributor
    Comments (4913) | Send Message
     
    In 2014 the Permian will take over as the basin with the greatest absolute growth while the Utica will make a notably greater contribution as logistical choke points are partly relieved.

     

    FANG is by no means the "top" holder of land; drilling locations or proven+probable reserves in the Permian, although it certainly has an impressive position and growth trajectory
    22 Oct 2013, 12:20 PM Reply Like
  • Michael Fitzsimmons
    , contributor
    Comments (9064) | Send Message
     
    Whiting (WLL) is a top producer in the Bakken.

     

    ConocoPhillips is the #2 producer in the EagleFord.
    22 Oct 2013, 12:29 PM Reply Like
  • aeroguy48
    , contributor
    Comments (723) | Send Message
     
    I see the eia didn't cover the Utica or Tuscaloosa marine or the Anadarko/Hogshooter/gr... wash. Lots more oil and gas to be extracted.
    22 Oct 2013, 08:03 PM Reply Like
  • flyjess
    , contributor
    Comments (12) | Send Message
     
    great now we can export even more of "our" gasoline so they can profit from it and we get no relief at the pump!!!!!! what a country, and while you are busy exporting our gasoline, throw away(flare) our nat gas because you don't want to be bothered with having to convert it ti cng or lng or build a pipeline. wow, even f'd up nigeria doesn't even flare nat gas anymore!!!!!
    22 Oct 2013, 10:01 PM Reply Like
  • flyjess
    , contributor
    Comments (12) | Send Message
     
    great to hear that we are pumping out lots of oil so we can export gasoline overseas and keep the price here higher, while at the same time throwing away "our" nat gas becasue you don't want to pay to convert it to cng or lng or build a pipeline, hell even f'd up Nigeria doesn't even flare nat gas!!!!!!
    22 Oct 2013, 10:01 PM Reply Like
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