Eagle Ford Shale Price Per Acre

Major Eagle Ford Shale Players

There are about a dozen major and mid sized oil and gas exploration companies that control most of the acreage in the Eagle Ford shale play of South Texas. Here are some of the acreages controlled by the major Eagle Ford shale players. The following information was obtained as of 03/26/2011 from company websites and press releases.

The top oil and gas exploration companies in the Eagle Ford shale are the following:

EOG Resources:  520,000 acres in mature oil window, 26,000 acres in wet gas window and 49,000 wet gas. Total: 590,000 acres. For more detailed article see EOG Resources

Chesapeake Energy:  (partner CNOOC): 445,000 net acres. Potential net unrisked, undrilled wells: 5,540.

Newfield Exploration: (85% working interest), 335,000 acres. Mostly in Dimmit and Maverick counties.

Apache Corporation:  450,000 acres mixed oil and gas windows.

Marathon Oil

One of the highest prices paid so far for Eagle Ford shale acreage was by Marathon Oil to Hillcorp Energy Corp. (Hilcorp Resources Holdings) Marathon paid an estimated $25,000 per acre for prime Eagle Ford shale acreage in the oil and wet gas windows. By years end Marathon will have approximately 285,000 net acres in the play.


Petrohawk Energy: 224,000 acres (Hawkville field), 73,600 acres (Black Hawk field), 50,000 acres (Red Hawk field). Total: 347,600 acres.  See more detailed article about Petrohawk Energy here: Petrohawk Eagle Ford Shale History

Pioneer Natural Resources: 310,000 acres.

Anadarko Petroleum: 300,000 + net acres. (Mostly in wet gas and condensate windows.)

Conoco Phillips: 300,000 + acres.

St. Mary’s Land And Exploration: 250,000 acres.  (Consists of 165,000 acres, 100% working interest in wet gas window and 85,000 acres in wet gas and oil windows, JV with Anadarko.)

Forest Oil: 105,000 ares, primarily in Gonzales, Wilson, DeWitt and Lee counties.

Swift Energy: 89,000 acres in Eagle Ford shale and 113,000 in Olmos formation with some overlapping acreage.

Other Eagle Ford shale players with less than 100,000 net acres:

Carrizo Oil And Gas: 41,000 net acres.

Others: Talisman Energy, Hess Energy, StatOil, Rosetta Resources, Exxon Mobil, Goodrich Petroleum, Penn Virginia, Petro Quest, Crimson Exploration and Carrizo Oil and Gas.

Note that the acreage amounts listed above will change from month to month as the major players in the Eagle Ford shale acquire or divest holdings.

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