ConocoPhillips increased its Eagle Ford reserve estimates in early April 2014 by 39% from 1.8 billion to 2.5 billion bbls of oil in place. Company officials say production is expected to exceed 250,000 boe/d in the Eagle Ford by 2017. That's nearly 100,000 more BOE than the company's target goal at the end of 2013.

Read more: Conoco Phillips' Eagle Ford Production Up 58% to 141,000 boe/d in Q4 2013

ConocoPhillips' Eagle Ford acreage is in a prime part of the Eagle Ford, with much of it centered in Karnes and Live Oak counties. The company has 221 M net acres across its' Eagle Ford portfolio, with more than 3,000 identified drilling locations. ConocoPhillips' has a 96% average operated working interest in its Eagle Ford wells.

In 2014, ConcoPhillips plans to spend $4.3 billion on the Bakken, Eagle Ford and Niobrara Shale. Drilling costs and completion costs have decreased by 37% and 41% consecutively since 2010 in the Eagle Ford.

ConocoPhillips' Highlights

• ConocoPhillips pushes Eagle Ford reserves estimates up 39% to 2.5 billion bbls of oil in place
• ConocoPhillips predicts 250,000 boe/d by 2017
• More than 3,000 prospective drilling locations identified
• Drilling and completion costs down 37% and 41% consecutively

Read more at conocophillips.com