Eagle Ford Regional Rig County Flat at 252 – Feb 8, 2013

Multiple Production Milestones Announced During the Week
Murphy Oil Eagle Ford Production

Murphy Oil Eagle Ford Production | Click to Enlarge

The Eagle Ford Shale drilling rig count held flat this past week at 252. “Consistent” might be the best way to characterize the rig count during the first six weeks of the year. The rig county has been 252 three times and has averaged 252 during the first month and a half of 2013. We spent most of the week in Houston at Winter NAPE. Lots of insight to share from the ~18,000 attendees. We’ll have a summary of the show for you on Monday February 11th.

Highlights from the past week included production milestones for Anadarko, Marathon, and Murphy. That’s just the start of it. All three companies expect significant growth in 2013.

Development is fueling the need for new housing like Sendero Ranch in Dilley, TX. The gated community includes 85 two bedroom cottages. Sounds like a nice upgrade in “workforce housing”.

Eagle Ford Oil & Gas Rigs

The natural gas rig count fell 3 to 37 running this week. Gas prices held reasonably flat – trading nearĀ  $3.26/mmbtu on Friday afternoon.

The oil rig count added 3 units to reach 213 running in the area. WTI crude futures were trading close to $96 per barrel to end the week. Eagle Ford crude priced at $104.87/bbl on the 8th of February. Eagle Ford light crude and condensate in the area traded at $92.25 and $91.25, respectively.

There are 228 horizontal rigs running in the region. A disposal well is being drilled in Frio County and an injection well is being drilled in Karnes County.

La Salle County leads development with 35 rigs running. Karnes (27, Webb (26), Gonzales (24), McMullen (24), DeWitt (23), Dimmit (21), Live Oak (19), Atascosa (10), Leon (7), Lavaca (6), and Frio (5) round out the top counties in the region.

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 Rig Count by Operator

Operator Name Prior Week Current Week
BHP (Petrohawk) 29 28
EOG Resources 23 24
Chesapeake 18 18
ConocoPhillips 11 17
Marathon Oil (Hilcorp) 11 11
Lewis Petroleum 10 10
Murphy Oil 11 10
Pioneer Natural 10 10
Anadarko 9 7
Plains Exploration 8 7
Talisman Energy (Statoil) 8 7
EP Energy 5 6
Hunt Oil 6 6
Shell 6 6
Halcon Resources 5 5
Rosetta Resources 4 5
Swift Energy 4 5
Cabot Oil & Gas 4 4
Carrizo Oil & Gas 3 4
Penn Virginia 3 3
All Others 64 59
Total 252 252

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
LA SALLE 32 35 GRIMES 4 3
KARNES 22 27 MADISON 3 3
WEBB 24 26 ROBERTSON 3 3
GONZALES 23 24 ZAVALA 4 2
MCMULLEN 24 24 DUVAL 0 1
DEWITT 24 23 MAVERICK 1 1
DIMMIT 23 21 AUSTIN 0 0
LIVE OAK 21 19 BASTROP 0 0
ATASCOSA 10 10 BEE 0 0
LEON 7 7 BURLESON 0 0
LAVACA 7 6 COLORADO 0 0
FRIO 6 5 GOLIAD 0 0
WILSON 5 5 LEE 0 0
BRAZOS 5 4 MILAM 0 0
FAYETTE 4 3 Washington 0 0
The following two tabs change content below.
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. Gene Bratton says:

    Have you ever thought about doing a Coiled Tubing company or Rig Count for the Eagle Ford??

    Thanks,

    GB

    • R.T. Dukes RT Dukes says:

      Mr. Bratton,

      I’d love to, but it’s a big task. Baker Hughes doesn’t even track workover rigs any longer.

Add a Comment

MENU