Mercer Capital’s Value Focus: Exploration & Production newsletter provides an overview of the industry through supply and demand analysis, commodity pricing, and public market performance.

In addition, each issue of this quarterly newsletter focuses on a region, including Eagle Ford, Permian, Appalachia, and Haynesville, examining general economic and industry trends. In this quarter’s issue, we focus on the Eagle Ford.

Despite significant rig-count declines, Eagle Ford production declined only modestly over the twelve months ended March 2024, aided by a significant number of DUCs going into production. Reasonably steady commodity prices helped offset the basin’s production decline, allowing the region’s comp group to post favorable price increases over the review period.

Although M&A activity in the Eagle Ford plummeted over the last twelve months with only two deals announced, Dani Von Bassenheim, with Enverus Intelligence Research, notes that the Eagle Ford shale is one of a few areas that can expect increased M&A activity in 2024 as the list of attractive targets in the Permian Basin has dwindled. Bassenheim further noted that “The core of the Eagle Ford is the gift that keeps giving for operators with the best acreage.” Despite denser development, recoveries remain high in core areas.

Read more about the Eagle Ford and other industry analyses in this quarter’s issue.

Exploration & Production Newsletter

Region Focus: Eagle Ford

Also in the newsletter:

• Oil and Gas Commodity Price Update
• Macro Update
• Industry M&A Activity
• Public Company Performance
• Production Update
• Rig Counts

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