Executive Summary
The Eagle Ford exhibited modest production growth over the past year, broadly in line with other major basins, as output remained within a relatively narrow range. This stability reflects the basin’s maturity, with limited variability in production despite declining rig counts and continued capital discipline among operators.
Commodity price movements provided a more constructive backdrop entering 2026, with crude prices rebounding sharply during the first quarter and driving a corresponding increase in the stock prices of the Eagle Ford public comp group. While this rally, supported in part by geopolitical developments involving the U.S., Israel, and Iran, contributed to strong equity performance, it may prove transitory when Mid-East supply concerns ease. Overall, the basin enters 2Q 2026 with stable production despite reduced rig count levels, with future growth dependent in part on the durability of recent oil price strength.
Also in this Issue
Oil and Gas Commodity Prices
Macro Update: “He’s Not Done Yet!” Oil Company Valuations Rise As Scale And Scarcity Drive Consolidation
Region Focus: Eagle Ford
Production and Activity Levels
Financial Performance
Market Valuations & Transaction History: Where Have All the Deals Gone?
Selected Public Company Information
Production Update
Rig Count