Eagle Ford Shale

Anadarko Petroleum - Eagle Ford Shale Update

Anadarko Petroleum Corp. (APC) held its fourth quarter of 2009 conference call on February 2, 2010, and discussed its operations in the Eagle Ford Shale. The company added to its position in the Eagle Ford Shale in 2009 through its purchase of part of the assets of TXCO Resources, which was in chapter 11 bankruptcy proceedings.

“We’ve expanded these opportunities already this year as demonstrated by our recently announced transaction with TXCO that will add about 80,000 net acres to our existing 180,000 net acreage position in Maverick Basin. We like the results we’re seeing in the Eagleford shale with its high liquids yield and felt this was a compelling opportunity.”

Source: Seeking Alpha

The Eagle Ford Shale - St. Mary Land & Exploration Company

St. Mary Land & Exploration Company (SM) has built a large acreage position in the Eagle Ford Shale in South Texas. The company has a total of 225,000 acres located in Dimmitt, LaSalle, Maverick and Webb Counties.

St. Mary Land & Exploration Company has a 100% interest in 159,000 acres, and another 66,000 acres in a joint venture with Anadarko Petroleum Corporation (APC) and TXCO Resources (TXCO).

St. Mary Land & Exploration Company is currently completing the Shape Ranch 1-H well, which is located in Dimmitt County. The company currently has two drilling rigs operating in the Eagle Ford Shale, and plans on drilling four additional wells - two on its own acreage, and two in its joint venture with Anadarko Petroleum Corporation and TXCO Resources. ___________________________________________________________________

Do you use technical analysis to find the proper entry point before you buy a stock? Click Here for a free Trend Analysis.

The Eagle Ford Shale - Description

The Eagle Ford Shale is Cretaceous era shale deposit in South Texas. It lies at a depth of 4,000-12,000 feet, and at its maximum is 300 feet thick. The Eagle Ford Shale was considered the source rock for the Austin Chalk, which lies above the Eagle Ford Shale.

The Eagle Ford Shale runs across several different counties, including Dimmit, Maverick, LaSalle, Webb and DeWitt Counties.

Many different exploration and production companies are active in the Eagle Ford Shale, including St. Mary Land & Exploration Company (SM), Petrohawk Energy (HK), Murphy Oil (MUR), Rosetta Resources (ROSE) and Pioneer Natural Resources (PXD). ___________________________________________________________________

Do you use technical analysis to find the proper entry point before you buy a stock? Click Here for a free Trend Analysis.