One of Texas' Oldest Oil Plays Is Running Dry
Market Intelligence Analysis
AI-Powered 50% FREE-ANALYSIS-RULE-BASED-ANALYSISFinancial market analysis indicating neutral sentiment based on current trends.
Article Context
The Eagle Ford shale play has shown remarkably consistent crude oil production and rising natural gas output in recent years. A formation beneath the Eagle Ford has been producing for nearly a century, but now it has its remaining resources nearly exhausted. The Buda Limestone formation, which lies beneath the Eagle Ford Group, has limited remaining oil and gas resources, the latest analysis by the U.S. Geological Survey (USGC) showed this week. Technically recoverable resources at Buda Limestone are estimated at 184 billion cubic feet of gas and…
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Financial market analysis indicating neutral sentiment based on current trends.
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