Emerging Southwest Texas Gas Play a Potential Key Pillar for Global LNG Supply
How Eagle Ford 'dry gas' window has potential to deliver significant resources for LNG feedstock and provide better access to budding LNG projects all along the Texas Gulf Coast.
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New research from S&P Global Commodity Insights says a South Texas Gulf Coast LNG project development creates a market for the western Eagle Ford shale’s dry-gas window in far Southwest Texas’ Webb County. Researchers say this dry-gas window could become an emerging growth play with the potential to deliver significant natural gas resources in lockstep with growing LNG export capacity and become a key component of global LNG supply.
Webb County, which sits on the Rio Grande and borders three Mexican states, is both vast and remote - at nearly 3,400 square miles (8,740 km2), Webb County is larger than Delaware and Rhode Island combined and approximately 200 miles from Brownsville, Texas, where a connecting pipeline and new LNG projects are underway. With this new export infrastructure in the works, Webb County may soon be a key destination for natural gas producers and a major supplier of feedstock for LNG.
Read our latest whitepaper and discover how this project:
- Has the potential to deliver significant resources for LNG feedstock (researchers estimated 550 gross development (non-producing) wells could produce approximately 3.5 billion cubic feet (BCF) of natural gas per day between 2024—2026)
- Could be setting the stage for a more active deal market - currently, play development depends mainly on private E&Ps (exploration and production companies) and investors, who are exhibiting the best performance, but public E&P interest is growing
- Creates less reliance on the US gas market
- Creates a window of opportunity for investment for operators whose projects have a medium-term investment horizon
