Eagle Ford Shale Drilling Rig Count – November 11, 2011

Drilling RigThe Eagle Ford Shale drilling rig count jumped 5 rigs to 248 over the past week. That’s one above the 247 rig record we hit in the middle of October.  Approximately, 200 rigs are working in the Eagle Ford formation, that’s up from less than 20 just 18 months ago. As long as the economy holds together, we should continue to see more active drilling units targeting the play.

We lost 4 natural gas rigs to bring us down to 102 active. With natural gas futures prices hovering around $3.60 that trend isn’t likely to change soon.  In the continued shift from gas to oil, 9 rigs moved to drilling liquids in the region. We also have one disposal well being drilled in Webb County. Webb (37), La Salle (32) , Karnes (30) and DeWitt (22) counties account for more than 50% of Eagle Ford drilling.

Chesapeake Energy (28) and EOG Resources (24) lead the more than 60 operators that have active programs in the shale.

News throughout the play this past week included:

Operator News:

Stay tuned each week for an update on the South Texas rig count. Better yet, Subscribe by Email or by RSS.

Drilling Rig Count by Operator


Operator Name Prior Week Current Week
Chesapeake 29 28
EOG Resources 24 24
ConocoPhillips (Burlington) 13 14
Pioneer Natural Resources 13 13
Petrohawk (BHP) 13 13
Lewis Petroleum 11 11
Anadarko 11 9
Hilcorp (Marathon) 10 9
Talisman 8 9
XTO (Exxon) 7 7
All Others 104 111

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
WEBB 37 37 BRAZOS 2 3
LA SALLE 30 32 BURLESON 1 2
KARNES 32 29 COLORADO 2 2
DEWITT 20 22 GRIMES 2 2
DIMMIT 19 19 LAVACA 1 2
GONZALES 19 18 FAYETTE 1 1
MCMULLEN 18 17 LEE 1 1
FRIO 12 12 MILAM 1 1
LIVE OAK 10 10 AUSTIN 0 0
ATASCOSA 7 8 BASTROP 0 0
LEON 7 8 BEE 0 0
ZAVALA 4 7 DUVAL 0 0
MADISON 5 5 GOLIAD 0 0
ROBERTSON 7 5 MAVERICK 0 0
WILSON 5 5 Washington 0 0
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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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