A catered meal by Flourish will be provided for a $10 registration fee. Guests should RSVP by Tuesday, Jan. 28.
The Eagle Ford Shale is quite possibly the largest single economic development in the history of the state of Texas and ranks as the largest oil and gas development in the world based on capital invested. Almost $30 billion was spent developing the play in 2013. The play had more than a $60 billion dollar impact on the local South Texas economy in 2012 and over 116,000 Eagle Ford jobs were supported in the 20 county area impacted by the play. Add the jobs created in surrounding counties and the picture of a modern oil boom begins to take shape.
From record drilling levels to wells producing over 4,000 b/d of oil initially, the play is redefining South Texas as an oil industry hotbed.
The Eagle Ford is a geological formation directly beneath the Austin Chalk. It is considered to be the “source rock," or the original source of hydrocarbons that are contained in the Austin Chalk above it. The formation was penetrated many times as operators targeted the Edwards Limestone formation along the Edwards Reef Trend.
The formation is best known for producing variable amounts of dry gas, wet gas, NGLs, condensate and oil. The most active area lies above the Edwards Reef Trend where the formation yields a gas-condensate production stream. Unlike many other shale plays, it does not exhibit natural fracturing within the formation.