It is a sedimentary rock formation located in south Texas approximately 50 miles wide, 400 miles long and has an average thickness of 250 feet. We have been active in the Eagle Ford formation since 2010 through a joint development with Repsol (formerly Talisman Energy). In 2013, we became operator of the eastern portion of the asset, and have since continued to improve our operations, reducing our footprint locally and becoming even more efficient. In December 2015, we acquired additional working interest in the joint development, and as of April 1, 2016, became responsible for operations across the entire asset.
Reducing our footprint
We have developed a production and gathering line system that transports the majority of the water, gas and condensate from our wells downstream for separation and processing. This eliminates both the flaring of natural gas and the trucking of these products from the well pad and reduces spill potential. Following completion operations, our wells flow into the gathering lines during flowback also eliminating flaring and trucking during this phase of operations.
- Through multiple initiatives we have worked to identify and mitigate methane and volatile organic compound (VOC) emissions across our Eagle Ford operations.
- In addition to implementing the LDAR (leak detection and repair) program as part of EPA’s subpart OOOOa requirements which have helped us to “find and fix” leaking components, we are also utilizing a laser-based technology to establish methane baselines to more accurately assess methane emissions and execute reduction strategies as part of our climate roadmap.
Improving safety and efficiency
We have reduced the number of days it takes to safely drill a well from over 50 days down to as few as 12. This increased efficiency means we are producing oil and gas more quickly, creating royalties and value for our shareholders. Members of the community benefit as our local impact is for a much shorter period of time.
Contributing to local communities
Equinor (formerly Statoil) is a founding member of the South Texas Energy & Economic Roundtable (STEER), a not-for-profit organization that facilitates and coordinates communication and public advocacy regarding energy production in South Texas.
- We have established a donor-directed fund with the Coastal Bend Community Foundation, to support investments in K-12 Science, Technology, Engineering, and Math (STEM)-related education, as well as community safety and first responders.
- Through our support of the Karnes County Eagle Ford Energy S.T.E.M. camp (science, technology, engineering and math), young people have been getting hands on with science during their summer break. The Karnes City ISD STEM camp has been awarded the STEER Impact award.