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December 7, 2021updated 27 Apr 2022 11:43am

Eagle Ford (Penn Virginia Corporation) TX Unconventional Oil Field, US

By Carmen

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

Field participation details

The field is owned by Penn Virginia.


Production from Eagle Ford (Penn Virginia Corporation) TX

The Eagle Ford (Penn Virginia Corporation) TX unconventional oil field recovered 41.16% of its total recoverable reserves, with peak production expected in 2022. The peak production was approximately 38 thousand bpd of crude oil and condensate, 43 Mmcfd of natural gas and 7.87 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039.


Remaining recoverable reserves

The field is expected to recover 123.16 Mmboe, comprised of 87.49 Mmbbl of crude oil & condensate, 98.78 bcf of natural gas reserves and 19.21 Mmbbl of natural gas liquid reserves. Eagle Ford (Penn Virginia Corporation) TX unconventional oil field reserves accounts 0.15% of total remaining reserves of producing unconventional oil fields globally.


About Penn Virginia

Penn Virginia Corp (Penn Virginia) is an independent oil and gas company. It explores, develops, and produces crude oil, natural gas liquids (NGL) and natural gas. The company’s operations consist primarily of drilling unconventional horizontal development wells and operating producing wells in the Eagle Ford Shale in Gonzales, Lavaca, Fayette and DeWitt Counties in South Texas. Penn Virginia sells its oil and gas production to other energy companies such as Phillips 66 Company, Trafigura Trading LLC, BP Products North America Inc and Shell Trading (US). The company also has operations in Oklahoma, primarily consisting of non-operated properties in the Granite Wash. Penn Virginia 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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