eagleford

ConocoPhillips increased its EFS reserve estimates by 39% from 1.8 billion to 2.5 billion bbls of oil in place.They expect production to exceed 250,000 boe/d by 2017 which is nearly 100,000 more boe than the companys target at end 2013.
Their production Q4 2013 was up 58% to 140.000 boe/d.They also advised that their drilling costs and completion costs had decreased by 39% and 41% consecutively since 2010 in the EagleFord.