One of Texas' Oldest Oil Plays Is Running Dry
Equinor Pulls Out of Japan’s Offshore Wind Market What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… The Eagle Ford shale play has shown remarkably consistent crude oil production and rising natural gas output in recent years.
A formation beneath the Eagle Ford has been producing for nearly a century, but now it has its remaining resources nearly exhausted.
The Buda Limestone formation, which lies beneath the Eagle Ford Group, has limited remaining oil and gas resources, the latest analysis by the U.S.
Technically recoverable resources at Buda Limestone are estimated at 184 billion cubic feet of gas and 12 million barrels of oil.
These are just a fraction of what the formation has produced since around 1930, when oil and gas output in the formation began.
The Eagle Ford Group, which lies above the Buda, is the primary source for the undiscovered oil and gas at the formation, according to the USGC.
Since production began around 1930, the Buda Limestone has produced 204 million barrels of oil, or the equivalent of 10 days of U.S.
consumption at the 2025 rate, and 287 billion cubic feet of gas, which is equal to three days of the current consumption for the United States.
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economy and our way of life depend on energy, and USGS oil and gas assessments point to resources that industry hasn’t discovered yet,” USGS Director Ned Mamula said in a statement.
“In this case, the Buda Limestone has little remaining undiscovered oil or gas, indicating a need for new resources,” the official added.
With Buda left with little technically recoverable resource, operators are betting on the Eagle Ford and the other shale formations in the U.S.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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