Eagle Ford may be past peak

THE once exciting and prospective Eagle Ford Shale may be entering its twilight years as recent data suggests that two-thirds of New York-based EOG Resources’ drilling opportunities have been  already been taken and what remains is lower quality acreage.

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EOG data suggests Eagle Ford may no longer soar

EOG, which in April said it was looking to raise up to US$300 million by the sale of its UK North Sea production assets, is the largest Eagle Ford oil producer and pumped 551,000 barrels of oil