16 Rigs Added To Set New Record – November 18, 2011

Rig PhotoThe Eagle Ford Shale drilling rig count jumped 16 rigs over the past week to reach 264 rigs. The previous week held the Eagle Ford era record and this past week beats the record by sixteen.  Approximately 210 rigs are targeting the Eagle Ford formation. The strength in drilling is the direct result of a resilient oil price, close to $100 per barrel and continued success across the play.

While natural gas prices weakened throughout the week (<$3.50/mcf), we only lost one gas rig (101). Strength continued in the oil rig market with 17 rigs moving into the region. That’s the single largest jump we’ve seen since Eagle Ford development began in earnest. Actually, two years ago at this time there were not 17 total rigs active in the entire play.

One rig continues to drill a Webb County disposal well. Webb (41) becomes the first county to eclipse 40 active rigs, while La Salle (36) , Karnes (30), DeWitt (22), Dimmit (20), and Gonzales (20) counties together account for more than 65% of Eagle Ford drilling. Chesapeake Energy (31) and EOG Resources (26) are 10 rigs are more ahead of the third most active driller.

News highlighted throughout the play this past week included:

Stay tuned each week for an update on the South Texas rig count. Better yet, Subscribe by Email or by RSS.

Drilling Rig Count by Operator


Operator Name Prior Week Current Week
Chesapeake Energy 28 31
EOG Resources 24 26
ConocoPhillips (Burlington) 14 16
Pioneer Natural Res. 13 13
Petrohawk (BHP) 13 14
Lewis Petroleum 11 11
Anadarko 9 11
Talisman 9 9
Hilcorp (Marathon) 9 8
XTO (Exxon) 7 7
All Others 111 118

What is the Rig Count?

The Eagle Ford Shale Rig Count is an index of the total number of oil & gas drilling rigs running across a 30 county area in South Texas. The South Texas rigs referred to in this article are for ALL drilling reported by SmithBits and not solely wells targeting the Eagle Ford formation. All land rigs and onshore rig data shown here are based upon industry estimates provided by the Baker Hughes Rig Count and/or Smith Service Co’s (Schlumberger) Smith Rig Count.

Drilling Rigs by County

Texas County Prior Week Current Week Texas County Prior Week Current Week
WEBB 37 41 WILSON 5 4
LA SALLE 32 36 BURLESON 2 3
KARNES 29 30 LEE 1 3
DEWITT 22 22 COLORADO 2 2
DIMMIT 19 20 GRIMES 2 2
GONZALES 18 20 LAVACA 2 2
MCMULLEN 17 17 FAYETTE 1 1
FRIO 12 12 MILAM 1 1
LIVE OAK 10 10 AUSTIN 0 0
ATASCOSA 8 9 BASTROP 0 0
LEON 8 9 BEE 0 0
ZAVALA 7 7 DUVAL 0 0
MADISON 5 5 GOLIAD 0 0
BRAZOS 3 4 MAVERICK 0 0
ROBERTSON 5 4 Washington 0 0
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Kenneth E. DuBose

Kenneth E. DuBose

Kenneth DuBose is the past President of Cheyenne Minerals Inc., an independent oil and gas operator. He began his energy industry career with ARCO Oil & Gas. Mr. DuBose then directed development of natural gas storage projects with Tejas Power Corp. He was a founding member of U.S. Minerals, (acquired by Torch Energy in 1999) a provider of internet based education for America’s mineral owners. Mr. DuBose holds a BS in Petroleum Engineering from Mississippi State University. He has served on various industry steering committees, non-profit boards, and is an active member of the Society of Petroleum Engineers, the National Association of Royalty Owners, the American Association of Professional Landmen, as well as being a Registered Investment Advisor. He writes on topics of oil and gas investing, wealth management and personal finance, having appeared in the Wall Street Journal, Kiplinger’s, Kiplinger’s Personal Finance, Houston Business Journal, Financial Advisor and various radio and TV outlets.

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