Eagle Ford Rig Count Stays Flat – La Salle County Leads – Feb 3, 2012

The Eagle Ford Shale drilling rig count remained flat this week, but we experienced a lot of movement between counties. La Salle County jumped 5 rigs to surpass Karnes and Webb counties, who have combined to hold the lead in terms of rig activity for the past year. Webb County lost 3 rigs, but no other counties gained or lost more than 1 rig.

The natural gas rig count held flat (83) on the week, while we lost 1 oil rig (171). Natural gas prices fell back to ~$2.50/mmbtu and it looks like growing production across the U.S. is going to stand in the way of higher prices for the foreseeable future.  March WTI oil prices were down a little on the week at $97 per bbl. Horizontal wells account for activity from 238 rigs drilling and we have 1 disposal well being drilling in Leon County (not a core Eagle Ford area).

La Salle County took the lead in drilling with 39 rigs.  Karnes (38),Webb (33), DeWitt (28), McMullen (23), Gonzales (19), and Dimmit (19) lead the pack and are the only counties with more than 7 rigs active.

News in the Eagle Ford included:

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Drilling Rig Count by Operator


Operator Name Prior Week Current Week
Chesapeake 31 30
EOG Resources 27 27
Petrohawk (BHP) 17 17
ConocoPhillips 14 16
Marathon Oil (Hilcorp) 13 13
Talisman 12 12
Anadarko 12 11
Lewis Petroleum 10 10
Pioneer Natural 10 9
XTO (ExxonMobil) 8 8
All Others 101 102
Total 255 255

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.

Drilling Rigs by County

Texas County Prior Week Current Week Texas County Prior Week Current Week
LA SALLE 34 39 ZAVALA 4 3
KARNES 37 38 BEE 1 2
WEBB 36 33 LEE 2 2
DEWITT 28 28 MAVERICK 2 2
MCMULLEN 22 23 MILAM 2 2
DIMMIT 18 19 WILSON 3 2
GONZALES 20 19 BURLESON 1 1
FRIO 8 7 FAYETTE 1 1
LEON 6 7 GRIMES 1 1
LIVE OAK 7 6 Washington 1 1
ROBERTSON 6 6 AUSTIN 0 0
ATASCOSA 6 4 BASTROP 0 0
BRAZOS 3 3 COLORADO 0 0
LAVACA 2 3 DUVAL 0 0
MADISON 4 3 GOLIAD 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

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