Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Monday, December 10, 2012

Capital Expenditure in the Eagle Ford Estimated to Reach $28 Billion in 2013

Capital Expenditure in the Eagle Ford Estimated to Reach $28 Billion in 2013

A new analytical study by Wood Mackenzie has predicted that capital expenditure in the Eagle Ford shale formation in 2013 will reach $28 billion. That will be equal to a quarter of all the money invested in oil exploration in the entire US (less Alaska).Most of the $28 billion will be invested around the Gonzales, Kernes, and DeWitt Counties, which together produce more than 50 percent of daily US liquids production.One of the most expensive shale formations in the world to develop is the Kashagan project in Kazakhstan needing an estimated $116…Read more...http://oilprice.com/Latest-Energy-News/World-News/Capital-Expenditure-in-the-Eagle-Ford-Estimated-to-Reach-28-Billion-in-2013.html

No comments:

Post a Comment