Royal Dutch Shell (RDS) recently made additional comments on its activities in the Eagle Ford Shale. The company has been purchasing acreage and conducting a seismic survey on the properties in advance of a development program sometime in late 2010 and early 2011. Royal Dutch Shell now has 250,000 acres that are prospective for the Eagle Ford Shale.
“The Eagle Ford Shale acreage there is two purchases about a quarter of a million acres. Some with liquids potential. It's around $1 billion in total that we've invested that. All of the acreage is undeveloped. We are now drilling it. So, there's no production or reserves associated with it but that is the basis of the deal that we have, $1 billion, quarter of a million acres.”
