Eagle Ford Regional Drilling at 252 Rigs – January 18, 2013

Onshore LNG Regas and Tanker

LNG Tanker and Regas Equipment | Click to Enlarge

The Eagle Ford Shale drilling rig count increased by 3 rigs to top out at 252 running this past week.

In news, we touched on two developments regarding Eagle Ford completions over the past week. An Eagle Ford well was completed with a propane frack and a second well is planned to be completed with LNG powered frack pumps.

We sat down with a Ferus Oilfield Services rep, Jed Tallman, who provided details related to the Baker Hughes led LNG powered completion. Essentially, LNG is brought onsite in tanker trucks, regassed and injected through the air intake of the frack pumps. Diesel is still used and provides the spark for combustion, but substitution rates as high as 65% can be achieved. Add the  economic savings of as much as $50,000 to the environmental benefits of cleaner burning natural gas and you get get a recipe for something you’ll likely hear about again.

Eagle Ford Oil & Gas Rigs

The natural gas rig count fell two to 40 running this week. Gas prices, on the other hand, reversed weeks of declines to reach almost $3.60/mmbtu on Friday afternoon.

The oil rig count jumped five rigs to 209 running in the area. WTI crude futures were trading close to $95.50 per barrel to end the week. Eagle Ford crude priced at $108.53/bbl on the 17th of January. Eagle Ford light crude and condensate in the area traded at $92 and $91, respectively.

There are 233 horizontal rigs running in the region. A storage well is being drilled in Zavala County and disposal wells are being drilled in Frio County and Leon County.

La Salle & Karnes counties lead development with 32 and 30 rigs running, respectively. McMullen (27), Webb (25), Dimmit (24), DeWitt (22), Gonzales (22), Live Oak (13), Atascosa (9), Leon (8), Lavaca (7), Frio (6) and Fayette (5) round out the top counties in the region.

South Texas Oil & Gas News:

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Eagle Ford Rig Count by Operator

Operator Name Prior Week Current Week
BHP (Petrohawk) 30 31
EOG Resources 21 22
Chesapeake 20 19
Marathon Oil (Hilcorp) 18 17
ConocoPhillips 9 11
Murphy Oil 10 11
Pioneer Natural 8 11
Lewis Petroleum 10 10
Anadarko 9 9
Plains Exploration 7 8
Talisman Energy (Statoil) 9 7
Shell 4 6
EP Energy 5 5
Halcon Resources 4 5
Hunt Oil 6 4
Rosetta Resources 3 4
Sanchez Energy 4 4
SM Energy 1 4
Swift Energy 4 4
Cabot Oil & Gas 2 3
All Others 65 57
Total 249 252

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.

Eagle Ford Shale Drilling by County

Texas County Prior Week Current Week Texas County Prior Week Current Week
KARNES 32 32 WILSON 5 4
LA SALLE 32 30 ZAVALA 6 4
MCMULLEN 28 27 ROBERTSON 2 2
WEBB 22 25 BEE 1 1
DIMMIT 25 24 MADISON 4 1
DEWITT 15 22 MILAM 1 1
GONZALES 21 22 AUSTIN 0 0
LIVE OAK 11 13 BASTROP 0 0
ATASCOSA 8 9 BURLESON 0 0
LEON 8 8 COLORADO 0 0
LAVACA 8 7 DUVAL 0 0
FRIO 6 6 GOLIAD 0 0
BRAZOS 4 5 LEE 0 0
FAYETTE 6 5 MAVERICK 0 0
GRIMES 4 4 Washington 0 0
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R.T. Dukes

R.T. Dukes

Managing Editor at EagleFordShale.com
R.T. is the managing editor of EagleFordShale.com. In prior roles, he advised major oil companies on strategy, the macro business environment, and opportunity screening. 2503 Robinhood, Houston, TX, 77005, U.S.A. | Telephone: 832.429.4790

Comments

  1. Frances Weber says:

    Please tell me about Rig 161. Re; Cannetella field. I am interested because I have property near the rig.

  2. Carol Daniel says:

    Good Afternoon,

    May have met you at a Leisure Learning seminar in Houston. As a novice, would like any advice re mineral owner in Burleson Cty. i.e. rates, terms, etc, or at the least a good oil and gas lawyer who can help me with negotiating a lease.

    Many thanks,
    Carol

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