Eagle Ford Regional Rig Count 270 on July 12, 2013

Updated Photo From NASA Shows Eagle Ford Well Pads
Eagle Ford From Space

Eagle Ford From Space | Click to Enlarge

The Eagle Ford Shale drilling rig count grew by three to average 270 rigs over the past week. That’s the first time the region has seen 270 rigs since the first week in April and only the second time it has reached this high in 2013.

The U.S. rig count is up two to 1,759, of which 836 are running in Texas. A total of 362 rigs are targeting natural gas and 1,391 are targeting oil in the U.S. The remainder are drilling service wells (e.g. disposal wells, injection wells, etc.).

NASA shared a new photo of South Texas last week. The photo shows just how much activity there is in the region. Well pads make the area look like it is more populated than many towns. Read the full write up in the article Eagle Ford Shale From Space

*Note* Now quoting Baker Hughes. Baker Hughes also releases its own Eagle Ford Rig Count that covers the 14 core counties (~230 rigs). Our numbers cover a 30 county area impacted by Eagle Ford development. A full list of the counties included can be found in the table at the bottom of this article.

Eagle Ford Oil & Gas Rigs

The natural gas rig count in the region held flat at 34. Natural gas futures were trading near $3.65/mmbtu on Friday afternoon. There has been some movement, but natural gas has held relatively flat over the past two weeks.

One more or 235 oil rigs are running in the region this week. WTI prices have rallied on the back of unrest in Egypt and wider equity market appreciation. The oil benchmark was trading over $106/bbl on Friday. Eagle Ford light crude traded at $102.50/bbl on July 12th.

McMullen & Karnes counties lead development with 36 and 28 rigs running, respectively. See the full list of drilling by county below.

South Texas Oil & Gas News:

Be sure to visit our South Texas Oilfield Job Listings to search openings and come back weekly for updates or sign up for alerts – Daily or Weekly Email Alerts

Eagle Ford Shale Drilling by County

County Previous Week Current Week County Previous Week Current Week
MCMULLEN 32 36 FAYETTE 3 3
KARNES 31 28 GRIMES 3 3
GONZALES 25 27 BEE 2 2
LA SALLE 28 27 ROBERTSON 2 2
DIMMIT 26 26 WASHINGTON 2 2
DE WITT 26 25 ZAVALA 3 2
WEBB 18 20 BURLESON 1 1
LIVE OAK 15 14 COLORADO 1 1
BRAZOS 11 11 GOLIAD 1 1
FRIO 8 11 LEE 1 1
ATASCOSA 11 8 LEON 1 1
LAVACA 6 5 MILAM 0 1
WILSON 5 5 AUSTIN 0 0
MADISON 2 4 MAVERICK 0 0
DUVAL 3 3 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

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