UPDATE, DUG Eagle Ford: Good Rock, Good Economics

If you’re following the money in the oil and gas business, you’re likely following it to the Eagle Ford Shale in South Texas.

Speakers at Hart Energy’s DUG Eagle Conference on Sept. 20 described the economics of the play in terms of “fantastic” returns, “best prices” with excellent potential.

Early in the day, a senior Marathon Oil Corp. executive expressed his enthusiasm for returns in the Eagle Ford.

“Fantastic,” Todd Abbott, the company’s vice president for resource plays south, told attendees.

The play’s strengths include its low cycle times, high oil cuts and Louisiana Light Sweet crude oil pricing, Abbott said during a mid-morning session.