The 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:
- We Eclipsed 1,000 Producing Eagle Ford Wells In October
- UT – Hydraulic Fracturing Does Not Relate to Drinking Water Contamination
- KKR Continues Agressive Shale Strategy
- Rosetta Is Planning For 65-Acre Well Spacing
- Plains All American – Equipment Delays and Midstream Margin Pressure
- Carrizo Oil & Gas – Slowed By Gathering and Service Delays
- Is Total on the Prowl in the Eagle Ford?
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|
|Pioneer Natural Resources||13||13|
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|
Kenneth E. DuBose
Latest posts by Kenneth E. DuBose (see all)
- H2S Gas Found in Higher Concentrations – McMullen Co. Wells - Dec 29, 2014
- RRC Adopts New Pipeline Permit Rule - Dec 26, 2014
- SPE-GCS Shale Study Group to Be Formed in 2015 - Dec 24, 2014