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December 8, 2021updated 27 Apr 2022 11:41am

Eagle Ford (Magnolia Oil & Gas Corporation) TX Unconventional Oil Field, US

By Carmen

Eagle Ford (Magnolia Oil & Gas Corporation) TX is a producing unconventional oil field located onshore the US and is operated by Magnolia Oil and Gas Operating.

Field participation details

The field is owned by Magnolia Oil & Gas.


Production from Eagle Ford (Magnolia Oil & Gas Corporation) TX

The Eagle Ford (Magnolia Oil & Gas Corporation) TX unconventional oil field recovered 44.46% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 22.28 thousand bpd of crude oil and condensate, 20 Mmcfd of natural gas and 5.51 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2034.


Remaining recoverable reserves

The field is expected to recover 47.04 Mmboe, comprised of 33.06 Mmbbl of crude oil & condensate, 34.33 bcf of natural gas reserves and 8.25 Mmbbl of natural gas liquid reserves. Eagle Ford (Magnolia Oil & Gas Corporation) TX unconventional oil field reserves accounts 0.06% of total remaining reserves of producing unconventional oil fields globally.


About Magnolia Oil and Gas Operating

Magnolia Oil and Gas Operating LLC (Magnolia), a subsidiary of Magnolia Oil and Gas Corporation, is engaged in the exploration and production of oil and gas. The company has assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. It was formed through the business combination of EnerVest’s South Texas Division and TPG Pace Energy, a Special Purpose Acquisition Company (SPAC). Magnolia is headquartered in Houston, Texas, the US.

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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