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December 7, 2021updated 27 Apr 2022 12:00pm

Eagle Ford (Korea National Oil Corporation) TX Unconventional Oil Field, US

By Carmen

Eagle Ford (Korea National Oil Corporation) TX is a producing unconventional oil field located onshore the US and is operated by Korea National Oil.

Field participation details

The field is owned by Korea National Oil.


Production from Eagle Ford (Korea National Oil Corporation) TX

The Eagle Ford (Korea National Oil Corporation) TX unconventional oil field recovered 69.14% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 66.41 thousand bpd of crude oil and condensate and 160 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2035.


Remaining recoverable reserves

The field is expected to recover 96.62 Mmboe, comprised of 38.52 Mmbbl of crude oil & condensate and 348.62 bcf of natural gas reserves. Eagle Ford (Korea National Oil Corporation) TX unconventional oil field reserves accounts 0.12% of total remaining reserves of producing unconventional oil fields globally.


About Korea National Oil

Korea National Oil Corp (KNOC) is a state-owned integrated oil company that carries out the exploration, development and production of oil and gas, and stockpiling of petroleum resources. The company purchases and sells crude oil, distribute gasoline and refined products. KNOC also imports and exports crude oil and petroleum products, operates and leases stockpile facilities, and provides financing services for companies in energy and natural resources industries. The company has operations in Libya, Vietnam, Peru, Yemen, Venezuela, the US, Canada, the UK, Kazakhstan, and Iraq, among others. It carries out energy projects on behalf of the Korean government. KNOC is headquartered at Ulsan, South Korea.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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