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Higher investment is needed for Eagle Ford to facilitate growth

Crude oil and natural gas production in the Eagle Ford shale play, situated in southeast Texas, dropped by almost 35% and 20%, respectively, in May 2020 due to the COVID-19 pandemic.

Powder River s Ramp Up In Drilling Activities Could Signify The End Of A Year-Long Downward Trend, Says Globaldata

Rig count in the Powder River basin, situated in Wyoming and Montana, has increased almost four-fold from four in April 2021 to 17 in August 2021, according to GlobalData. The leading data and analytics company notes, considering the recent sustained upswing in US crude prices, production of both crude oil and natural gas in the .

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