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What is so Special about today's news?:

What is Eagle Ford Formation?:

Here's some info.

The Eagle Ford Formation (also called the Eagle Ford Shale) is a sedimentary rock formation from the Late Cretaceous age underlying much of South Texas in United States, consisting of organic matter-rich fossiliferous marine shale.

Petrohawk drilled the first well to produce oil and gas from the Eagle Ford in 2008, in LaSalle County, Texas. Oil companies quickly extended the productive area, which stretches from the Texas-Mexico border in Webb and Maverick counties and extends 400 miles toward East Texas. The play is 50 miles wide and an average of 250 feet thick at a depth between 4000 and 12,000 feet. The shale contains a high amount of carbonate which makes it brittle and easier to use hydraulic fracturing to produce the oil or gas. The oil reserves are estimated at 3 billion barrels.
In 2012, the Eagle Ford produced 2.294 billion cubic feet of gas and 52,000 barrels of oil and condensate per day. As of 2013, Eagle Ford production extended into 24 counties in Texas.

The Eagle Ford formation is the most prolific with a record setting well recently drilled by EOG, which has published details of the well with the Texas RRC. The well completion report indicates the EOG Burrow Unit 5h well initially came online at more than 9,200 boe/d and was reported still producing over 4,200 boe/d after 30 days. The EOG Burrows 5h well was drilled to a total depth of 17,364 ft. with a single horizontal lateral of 5300 ft.