The Eagle Ford Group of Texas contains estimated means of 8.5 billion barrels of oil, 66 trillion cubic feet of natural gas and 1.9 billion barrels of natural gas liquids, according to a new assessment by the U.S. Geological Survey. This estimate consists of undiscovered, technically recoverable resources in continuous accumulations.
“Texas is so well-known for its history of oil and gas production that it’s almost synonymous with petroleum,” said Jim Reilly, USGS director. “Texas continues to remain in the forefront of our nation's energy supply chain with remarkable increases in production and reserves due to the revolutionary unconventional techniques used to release previously unrecoverable resources.”
Read more at http://northamericanshalemagazine.com/articles/2417/usgs-releases-new-assessment-of-eagle-ford-shale
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