Eagle Ford Shale Drilling Rig Count – October 28, 2011

The Eagle Ford Shale drilling rig count added five rigs jump to 245 active drilling rigs. That brings near the record of 247 set two weeks ago. Best estimates peg ~ 200 of the rigs targeting the Eagle Ford formation, while the remainder target other formations.

The number of natural gas rigs working decreased 1 rig to 110. That’s down 15 from just two weeks ago.  Seven oil rigs were added during the week to bring the total to 135. Webb County (35) jumped Karnes County (32) and leads the region in terms of active drilling.

Chesapeake Energy (28) and EOG Resources (24) are the only operators with more than 20 rigs active in the play.  BHP (Petrohawk) made the biggest jump of any operator over the past week by adding three rigs to a total of 14.  That above BHP’s average of 13 over the past few months.

Operators are now reporting earnings in full force.

Here’s a recap of other news from this past week:

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 Energy 27 29
EOG Resources 22 24
ConocoPhillips (Burlington) 14 15
Pioneer Natural Res. 12 13
Anadarko 11 11
Petrohawk (BHP) 11 14
Lewis Petroleum 10 10
XTO (Exxon) 8 7
Talisman 8 6
Hilcorp (Marathon) 6 7
All Others 111 109

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 33 35 BRAZOS 2 2
KARNES 34 32 COLORADO 1 2
LA SALLE 28 30 FAYETTE 2 2
DIMMIT 19 21 GRIMES 2 2
DEWITT 19 20 LAVACA 3 2
GONZALES 17 20 BURLESON 1 1
MCMULLEN 19 18 LEE 1 1
FRIO 13 12 MILAM 1 1
LIVE OAK 9 10 AUSTIN 0 0
ATASCOSA 6 7 BASTROP 0 0
LEON 9 7 BEE 0 0
ROBERTSON 7 7 DUVAL 1 0
MADISON 5 5 GOLIAD 0 0
WILSON 3 4 MAVERICK 1 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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