Texas shale play is attracting more interest from drillers

03/25/2012 | Bloomberg

The Eagle Ford Shale in Texas is attracting more interest from energy companies that are seeking to increase oil production, as it has key advantages compared with offshore Brazil and the Bakken Shale in Montana and North Dakota, observers say. Exploring for oil in the Eagle Ford play is more profitable than in the Bakken formation and less risky compared with Brazil. "The Eagle Ford is the top basin we have in the world today," said David Roberts, executive vice president and chief operating officer of Marathon Oil, which is looking to boost its Eagle Ford production this year.

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