Eagle Ford Regional Rig Count 256 – Top Oil Producing Counties in Texas – Oct 11, 2013

Eagle Ford Accounts for Five of the Top Ten Oil Producing Counties in Texas
Top Oil & Gas Producing Counties in Texas

Top Oil & Gas Producing Counties in Texas – Eagle Ford Counties Circled – Click to Enlarge

The Eagle Ford Shale rig count decreased by 11 rigs from 267 to 256 running last week. No single county had a decline of more than 2 rigs, so the decrease was not the result of a major shift geographically.

The Texas RRC released its preliminary list of the top producing counties in the state in July and the Eagle Ford should get 1st prize. Counties in the region account for 5 of the top 10 oil producing counties in the state. Read more in the article Eagle Ford Dominates the Top Producing Counties List

The U.S. rig count decrease 123 rigs from 1,756 to 1,743 running over the past week. A total of 369 rigs are targeting natural gas (9 less than last week) and 1,367 are targeting oil in the U.S. The remainder are drilling service wells (e.g. disposal wells, injection wells, etc.). 822 rigs are running in Texas.

Baker Hughes rig count is quoted here. Baker Hughes also releases its own Eagle Ford Rig Count that covers the 14 core counties (221 rigs). The rig count published on EagleFordShale.com includes a 30 county area impacted by Eagle Ford development. A full list of the counties included can be found in the table near the bottom of this article.

Eagle Ford Oil & Gas Rigs

The natural gas rig count fell by three from 39 to 36 rigs running over the past week. Natural gas prices rose during the week and were trading around $3.78/mmbtu on the afternoon of Oct 11th.

The oil rig count decreased by eight rigs from 227 to 219 running. WTI oil prices were trading around $102/bbl on Friday afternoon. Oil prices have been above $100 for 14 weeks now. Eagle Ford light crude traded at $99.50/bbl on Oct 10th.

A total of 28 rigs are drilling horizontal wells, 17 rigs are drilling directional wells, and 11 rigs are drilling true vertical wells. Karnes and McMullen counties lead development with 30 and 28 rigs running, respectively. See the full list of drilling by county below.

South Texas Oil & Gas News:

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Eagle Ford Shale Drilling by County

County Previous Week Current Week County Previous Week Current Week
KARNES 31 30 WILSON 4 4
MCMULLEN 30 28 BEE 2 3
DE WITT 26 26 FAYETTE 4 3
LA SALLE 27 26 LEON 2 3
GONZALES 26 25 COLORADO 3 2
DIMMIT 24 21 WASHINGTON 2 2
WEBB 20 21 GRIMES 1 1
LIVE OAK 14 12 LEE 1 1
ATASCOSA 9 9 MAVERICK 1 1
ZAVALA 8 8 AUSTIN 0 0
FRIO 5 7 DUVAL 1 0
LAVACA 7 7 GOLIAD 0 0
BRAZOS 7 6 MILAM 1 0
MADISON 6 6 ROBERTSON 0 0
BURLESON 5 4 BASTROP 0 0

Eagle Ford Operated Rig Count By Company

SmithBits no longer reports its operated rig count, but we’ll have updated number for you from a new source soon. Until then, you can reference our numbers from mid-April. There has not been a significant change in the overall rig count since this date:

Operator Name Apr-13
BHP (Petrohawk) 28
EOG Resources 25
Marathon Oil 18
Chesapeake 16
ConocoPhillips 10
Pioneer Natural 10
Anadarko 9
Lewis Petroleum 8
Murphy Oil 7
Plains Exploration 7
Talisman Energy (Statoil) 7
EP Energy 6
Halcon Resources 6
Hunt Oil 6
Swift Energy 6
Rosetta Resources 6
Cabot Oil & Gas 5
SM Energy 5
Shell 4
Carrizo Oil & Gas 3
All Others 50+

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 Baker Hughes 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.

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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. We have mineral rights on 150 acres off high way 85 Dilley for lease. About a mile from 35 with highway frontage. Is anyone leasing Frio County?

  2. marvin nas says:

    I’m a truck driver.are you accepting applications for drivers.I have a class A Hazmat and tankers endorsement. I been in the trucking industry for 13 years and still haven’t made any money.I can also pass a pretty employment drug screen. looking forward to here from you.

  3. richard webb says:

    Would be interested in the historical average annual rig count from 2008 t0 present…drilling permits (Tx RRC) were only 26 in 2008!

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