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
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