Eagle Ford Rig Count – July 8, 2011

The Eagle Ford Shale rig count remained flat at 222 active drilling rigs. The gas rig count remained at 111 rigs drilling, while the oil rig count was unchanged at 110 active rigs. One rig in La Salle County is drilling an injection well.  Horizontal rigs account for 201 of the 222 rigs drilling in the South Texas region.

With oil prices hovering around $100 per barrel don’t expect the rig count to back off any time soon. Stay tuned each week for an update on the South Texas rig count.  Better yet, Subscribe by RSS or Subscribe by Email.

Drilling Rig Count by County

 

Texas County Prior Week Current Week Texas County Prior Week Current Week
KARNES 24 29 LAVACA 4 3
WEBB 28 27 LEE 1 2
DIMMIT 25 26 GRIMES 2 2
DEWITT 23 22 FAYETTE 1 2
LA SALLE 22 20 BRAZOS 2 2
GONZALES 19 17 MAVERICK 1 1
MCMULLEN 14 13 DUVAL 1 1
ATASCOSA 10 10 COLORADO 1 1
LIVE OAK 9 9 WASHINGTON 1 0
LEON 9 9 BURLESON 0 0
ROBERTSON 6 7 BEE 1 0
FRIO 6 6 AUSTIN 0 0
WILSON 5 5 BASTROP 0 0
ZAVALA 4 4 GOLIAD 0 0
MADISON 3 4 MILAM 0 0

 

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 rig count referred to in this article is for ALL drilling reported by SmithBits and not solely wells targeting the Eagle Ford Shale.

All land rig count 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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Kenneth E. DuBose

Kenneth E. DuBose

Kenneth DuBose is the past President of Cheyenne Minerals Inc., an independent oil and gas operator. He began his energy industry career with ARCO Oil & Gas. Mr. DuBose then directed development of natural gas storage projects with Tejas Power Corp. He was a founding member of U.S. Minerals, (acquired by Torch Energy in 1999) a provider of internet based education for America’s mineral owners. Mr. DuBose holds a BS in Petroleum Engineering from Mississippi State University. He has served on various industry steering committees, non-profit boards, and is an active member of the Society of Petroleum Engineers, the National Association of Royalty Owners, the American Association of Professional Landmen, as well as being a Registered Investment Advisor. He writes on topics of oil and gas investing, wealth management and personal finance, having appeared in the Wall Street Journal, Kiplinger’s, Kiplinger’s Personal Finance, Houston Business Journal, Financial Advisor and various radio and TV outlets.
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