Wood Mackenzie, also known as WoodMac, is a global research and consultancy group supplying data, written analysis, and consultancy advice to the energy, chemicals, renewables, metals, and mining industries.
In 2015, the company was acquired by Verisk Analytics, an American data analytics and risk assessment firm, in a deal valued at $2.8 billion. The company was taken private by private-equity firm Veritas Capital in 2023, in a deal valued at $3.1 billion.
The Eagle Ford Group (also called the Eagle Ford Shale) is a sedimentary rock formation deposited during the Cenomanian and Turonian ages of the Late Cretaceous over much of the modern-day state of Texas. The Eagle Ford is predominantly composed of organic matter-rich fossiliferous marine shales and marls with interbedded thin limestones. It derives its name from outcrops on the banks of the West Fork of the Trinity River near the old community of Eagle Ford, which is now a neighborhood within the city of Dallas. The Eagle Ford outcrop belt trends from the Oklahoma-Texas border southward to San Antonio, westward to the Rio Grande, Big Bend National Park, and the Quitman Mountains of West Texas. It also occurs in the subsurface of East Texas and South Texas, where it is the source rock for oil found in the Woodbine, Austin Chalk, and the Buda Limestone, and is produced unconventionally in South Texas and the "Eaglebine" play of East Texas.
The Eagle Ford was one of the most actively drilled targets for unconventional oil and gas in the United States in 2010, but its output had dropped sharply by 2015. By the summer of 2016, Eagle Ford spending had dropped by two-thirds from $30 billion in 2014 to $10 billion, according to an analysis from the research firm Wood Mackenzie. This strike has been the hardest hit of any oil fields in the world. As of 2016, the spending was, however, expected to increase to $11.6 billion in 2017. A full recovery was not expected any time soon.
View the full Wikipedia page for Eagle Ford Group