Eagle Ford Shale Drilling Rig Count – November 4, 2011

The Eagle Ford Shale drilling rig count dropped two rigs to average 243 for the prior week. We’re holding steady with an estimated 200 of the rigs targeting the Eagle Ford formation, while the remainder target other formations such as the Pearsall, Olmos, and Austin Chalk.

Four natural gas rigs dropped off to bring us to a count of 106. We’re down almost 20 rigs from just less than a month ago.  The decline in gas rigs has been completely offset by the increase in oil rigs, now at 136. We also have one disposal well being drilled in Webb County. Webb (37), Karnes (32), and La Salle (32) counties lead the region in terms of active drilling.

Chesapeake Energy (29) and EOG Resources (24) continue to lead the pack of major operators. EOG announced record Eagle Ford well results from the play this week. The company has now brought on multiple wells at more than 3,000 boe/d.

Oil & gas companies were reporting earnings this week, so there is a lot of Eagle Ford news to digest:

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 28 29
EOG Resources 24 24
ConocoPhillips (Burlington) 15 13
Pioneer Natural Res. 13 13
Petrohawk (BHP) 14 13
Anadarko 11 11
Lewis Petroleum 10 11
XTO (Exxon) 7 7
Talisman 6 8
Hilcorp (Marathon) 7 7
All Others 110 107

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 Shale. 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 35 37 BRAZOS 2 2
KARNES 32 32 COLORADO 2 2
LA SALLE 30 30 GRIMES 2 2
DEWITT 20 20 BURLESON 1 1
DIMMIT 21 19 FAYETTE 2 1
GONZALES 20 19 LAVACA 2 1
MCMULLEN 18 18 LEE 1 1
FRIO 12 12 MILAM 1 1
LIVE OAK 10 10 AUSTIN 0 0
ATASCOSA 7 7 BASTROP 0 0
LEON 7 7 BEE 0 0
ROBERTSON 7 7 DUVAL 0 0
MADISON 5 5 GOLIAD 0 0
WILSON 4 5 MAVERICK 0 0
ZAVALA 4 4 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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