Eagle Ford Shale Rig Count Decreases by Seven to 261

EIA: Texas is the Largest Producer of Shale Natural Gas
Gross Withdrawls from Shale Gas Wells

Gross Withdrawls from Shale Gas Wells|Click to Enlarge

The Eagle Ford Shale rig count stayed flat at 261 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, Texas is the largest producer of shale natural gas, according to a report from the Energy Information Administration (EIA). From 2007 to 2013, shale gas production in Texas increased from 3 bcf/d to 11 bcf/d, with the majority of the shale gas produced coming from the Barnett, Eagle Ford, and Haynesville Shale formations.

Read more: EIA: Texas is Largest Producer of Shale Natural Gas

The U.S. rig count decreased by 3 to 1,920 rigs running by the end of last week. A total of 344 rigs were targeting natural gas (flat from the previous week) and 1,575 were targeting oil in the U.S. (three less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  896 or ~48% of rigs active in the U.S. were running in Texas.

Baker Hughes rig count is quoted here. Baker Hughes also releases its own Eagle Ford Rig Count that covers the 14 core counties (206 rigs). The rig count published on EagleFordShale.com includes a 30 county area impacted by Eagle Ford development. A full list of the counties included can be found in the table near the bottom of this article.

Eagle Ford Oil & Gas Rigs

The natural gas rig increased by two to 18 rigs running by the end of last week. Average rig counts for natural gas production in 2012 were around 80 and then dropped to around 40 in 2013. Natural gas prices fell by ~$.30 from the previous week at $3.70/mmbtu on Friday afternoon.

The oil rig count decreased by nine to 243 rigs running by the end of last week. WTI oil prices increased by ~$3.00 from the previous week, trading at $64.33/bbl on Monday morning. Eagle Ford light crude traded at $62.65/bbl on December 5th.

A total of 245 rigs are drilling horizontal wells, six rigs are drilling directional wells, and 10 rigs are drilling vertical wells. Karnes, Dimmit, and DeWitt each have at minimum 27 rigs running. Dimmit County has the highest rig count this week at 35. See the full list below in the Eagle Ford Shale Drilling by County below

South Texas Oil & Gas News:

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Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
DIMMIT 37 35 FAYETTE 3 3
KARNES 36 35 LEE 2 3
DE WITT 27 27 LEON 3 3
LA SALLE 24 24 AUSTIN 2 2
MCMULLEN 20 21 COLORADO 3 2
ATASCOSA 13 15 MAVERICK 2 2
WEBB 16 15 BEE 1 1
BURLESON 12 12 DUVAL 1 1
GONZALES 13 12 GOLIAD 0 0
BRAZOS 11 11 GRIMES 0 0
LAVACA 11 9 MILAM 0 0
MADISON 11 9 ROBERTSON 0 0
FRIO 10 7 WASHINGTON 0 0
LIVE OAK 6 7 WILSON 0 0
ZAVALA 4 5 BASTROP 0 0

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 Baker Hughes 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.

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Kirk Eggleston

Kirk Eggleston

Contributor at EagleFordShale.com
Kirk Eggleston writes on significant news developments in the Eagle Ford and Bakken Shale plays. He is a former broadcast journalist, and has experience covering news and politics in the Texas and Louisiana markets.
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