ShaleTech: Eagle Ford/Pearsall shale ///

With the Eagle Ford shale relegated to playing second fiddle to the Permian basin, operators still in play are pulling out all of the stops to bring returns closer in line with their geriatric neighbor to the immediate west. Indeed, even with drilling and completion costs inching below $4 million/well, the Eagle Ford finds itself at a gaping competitive disadvantage, which was reinforced in a July 13 Wood Mackenzie report. While break-even costs can vary widely county by county, Eagle Ford operators need $48/bbl to turn a profit, while $37/bbl will generate a reasonable return in the Permian Bone Spring and Wolfcamp plays, according to the consultancy.

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