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Eagle Ford Shale Continues to Get BiggerBy Matt DiLallo | More Articles | Save For Later March 11, 2014 | Comments (0) Photo credit: Carrizo Oil & Gas,In addition to reporting stellar quarterly results, EOG Resources (NYSE: EOG  ) also reported a 45% surge in the company's resource potential in the Eagle Ford Shale. In the four years since the company discovered the play, it has now boosted the recovery potential of oil and gas from the Eagle Ford Shale by four-fold.Better data on previously drilled wells along with improved completion techniques have contributed to the boost. However, the real reason...

The US shale boom has led some to predict that it will overtake Saudi Arabia as world’s largest oil and gas producer by 2020, thanks to the massive reserves found in plays such as the Bakken Shale of North Dakota, the Marcellus Shale in New York, and the Eagle Ford Shale in Texas; even the newly discovered Tuscaloosa Shale formation in Louisiana holds large potential. However there is a new shale formation that has been discovered in West Texas which could dwarf all others being drilled in the US at the moment. The play is known as the Cline Shale...