The Eagle Ford Shale of South Texas is on the verge of a drilling permit drought.
Houston oil company EP Energy was the only company to file a drilling permit for a project in the region from May 20 to 26.
EP Energy, which had filed for Chapter 11 bankruptcy in October, is seeking permission from the Texas Railroad Commission to drill a horizontal well on its Maltsberger-DB Trust lease in La Salle County.
The oil and natural gas well targets the Eagleville field of the Eagle Ford geological layer down to a total depth of 10,000 feet.
Record low crude oil prices caused by the coronavirus pandemic continue to take their toll on drilling permits fillings. Only 23 companies filed for 45 drilling permits in