Eagle Ford Regional Rig Count at 253 – December 28, 2012

Karnes County has the Lowest Level of Activity Since Mid-2011
Valero Quebec City Refinery

Quebec City, Canada

Eagle Ford Shale regional drilling dropped three rigs to settle at 253 running the week of Christmas. The biggest move of the week was in Karnes County where three rigs were dropped and there are now 27 rigs running. This marks the first time fewer than 30 rigs have been running in the county since July of 2011.

If you didn’t get a chance, be sure you see the new Eagle Ford Well Map and watch a new video of Eagle Ford Well Activity Start to Finish – sent in by Marathon. Also in the news, Valero received approval to export crude oil to Canada. Valero expects to save $2 per barrel by utilizing South Texas oil vs oil from across the Atlantic at its refinery in Quebec City, Canada. Read more in the article Eagle Ford Crude to Canada?

Eagle Ford Oil & Gas Rigs

The natural gas rig count added three rigs to rise to 49 running this past week. Natural Gas prices were up two cents from this time last week to $3.47/mmbtu.

The oil rig count fell to 202 running in the area. WTI crude futures were trading near $91 per bbl on Friday afternoon. Eagle Ford crude priced at $102.25/bbl on the 27th of December. Eagle Ford light crude and condensate in the area traded at $87.25 and $86.25, respectively.

There are 240 horizontal rigs running in the region. One disposal well was being drilled in Frio County and one storage well was being drilled in Zavala County.

La Salle County leads development with 33 rigs running. Karnes with 27 rigs, McMullen (27), Dimmit (26), Gonzales (22), Webb (22), DeWitt (21), Live Oak (13), Fayette (8), Lavaca (8), Atascosa (7), Wilson (7), Frio (6), and Leon (6) round out the top counties in the region.

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 Rig Count by Operator

Operator Name Prior Week Current Week
BHP (Petrohawk) 30 30
Chesapeake 20 20
EOG Resources 20 20
Marathon Oil (Hilcorp) 18 18
ConocoPhillips 10 11
Lewis Petroleum 11 11
Murphy Oil 11 11
Pioneer Natural 9 9
Anadarko 10 8
Talisman Energy (Statoil) 8 8
Plains Exploration 7 7
Hunt Oil 6 6
Halcon Resources 6 5
Rosetta Resources 5 5
Sanchez Energy 5 5
Shell 5 5
SM Energy 5 5
EP Energy 4 4
Swift Energy 4 4
Carrizo Oil & Gas 3 3
All Others 59 58
Total 256 253

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
LA SALLE 35 33 ZAVALA 5 5
KARNES 30 27 BRAZOS 4 4
MCMULLEN 27 27 GRIMES 2 3
DIMMIT 26 26 MAVERICK 1 1
GONZALES 22 22 MILAM 1 1
WEBB 22 22 ROBERTSON 1 1
DEWITT 19 21 AUSTIN 0 0
LIVE OAK 12 13 BASTROP 0 0
FAYETTE 8 8 BEE 0 0
LAVACA 8 8 BURLESON 0 0
ATASCOSA 7 7 COLORADO 0 0
WILSON 7 7 DUVAL 0 0
FRIO 7 6 GOLIAD 0 0
LEON 5 6 LEE 0 0
MADISON 7 5 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. Heard that Laredo, Tx, Webb County, unemployment was below 7%. That has to be a 30 year record low. Thanks Eagle Ford.

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