Eagle Ford Shale Play http://eaglefordshale.com News, MarketPlace, Jobs Wed, 26 Nov 2014 17:39:12 +0000 en-US hourly 1 http://wordpress.org/?v=4.0 IHS: U.S. Shale Growth Still Strong, Despite Lower Oil Prices http://eaglefordshale.com/news/ihs-u-s-shale-growth-still-strong-despite-lower-oil-prices/ http://eaglefordshale.com/news/ihs-u-s-shale-growth-still-strong-despite-lower-oil-prices/#respond Wed, 26 Nov 2014 15:00:50 +0000 http://eaglefordshale.com/?p=7018 Pump Jack Image

Oil Well Pump Jack

The dip in oil prices isn’t making a huge impact yet on the vast majority of U.S. shale production.

According to a report by research consultancy IHS Energy, most shale plays are economic and ~80% of potential drilling in 2015 would remain strong at WTI crude oil prices as low as $70 per barrel.

“Since 2008 the cumulative growth in U.S. tight oil production has been 3.5 million b/d—far exceeding supply gains from the rest of the world combined—making tight oil the key driver of global supply growth,” said Jim Burkhard, Vice President, IHS. “While current lower crude oil prices do present challenges for new investment, IHS analysis shows that the vast majority of potential U.S. supply growth in 2015 remain economical at $70 for WTI.”

WTI traded at ~$76 on Monday, a nearly 20% drop since September. As a result, operators in Texas, including ConocoPhillips and Eagle Ford-focused Clayton Williams, have already announced plans to potentially scale back their drilling programs in 2015.

Read more: Worried About Oil Prices? What to Expect in the Eagle Ford

Growth Still High, But Expected to Slow in U.S. Shale Plays

At lower prices, growth will slow, but still remain high, according to the IHS report. In 2015, IHS estimates U.S. shale production will grow by 700,000 b/d at an average price of $77 per barrel in 2015. By contrast, in 2014, growth from U.S. shale plays was more than 1-million b/d.

Approximately 80% of anticipated production has a break-even price between $50 to $69 per barrel, according to IHS analysis.

“Expectations of the future—and the trajectory of oil prices—means that prices do not need to fall to the breakeven price before psychology, investment, and thus output, is affected,” Burkhard said.”

The report notes that existing tight oil production is unaffected by the recent drop in oil prices. Existing wells can remain economical at crude oil prices far below the break-even price for new production because most of their costs are incurred during the initial development phase of the well.

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Eagle Ford Shale Rig Count Increases by Three to 268 http://eaglefordshale.com/drilling-rig-count/eagle-ford-shale-rig-count-increases-three-268/ http://eaglefordshale.com/drilling-rig-count/eagle-ford-shale-rig-count-increases-three-268/#respond Mon, 24 Nov 2014 14:56:06 +0000 http://eaglefordshale.com/?p=7013 McMullen County Eagle Ford Shale Map

McMullen County, TX

The Eagle Ford Shale rig count increased by three to 268 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, JPMorgan Chase & Co. settled a lawsuit by a group of Texas mineral rights owners in the Eagle Ford Shale.

The lawsuit alleged JP Morgan, as trustee of the South Texas Syndicate (STS) Trust, cheated beneficiaries out of millions of dollars through its’ mis-management of the trust’s oil & gas interests.

Read more: JPMorgan Settles Eagle Ford Shale Case

The U.S. rig count increased by one to 1,929 rigs running by the end of last week. A total of 355 rigs were targeting natural gas (five more than the previous week) and 1,574 were targeting oil in the U.S. (four less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  906 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 (209 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 count decreased by one to 16 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 stayed flat from the previous week at $4.05/mmbtu on Friday afternoon.

The oil rig count increased by four to 252 rigs running by the end of last week. WTI oil prices increased by ~$.40 from the previous week, trading at $76.35/bbl on Friday afternoon. Eagle Ford light crude traded at $73.00/bbl on November 21st.

A total of 251 rigs are drilling horizontal wells, seven 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 37. See the full list below in the Eagle Ford Shale Drilling by County below

South Texas Oil & Gas News:

Be sure to visit our South Texas Oilfield Job Listings to search openings and come back weekly for updates or sign up for alerts – Every other Weekday or Weekly Email Alerts

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
DIMMIT 37 37 COLORADO 2 3
KARNES 33 36 FAYETTE 3 3
DE WITT 27 27 LEON 3 3
LA SALLE 26 24 AUSTIN 0 2
MCMULLEN 19 20 LEE 3 2
WEBB 16 16 MAVERICK 2 2
ATASCOSA 13 13 BEE 1 1
GONZALES 13 13 DUVAL 1 1
BURLESON 11 12 GOLIAD 0 0
BRAZOS 11 11 GRIMES 0 0
LAVACA 12 11 MILAM 0 0
MADISON 11 11 ROBERTSON 0 0
FRIO 8 10 WASHINGTON 0 0
LIVE OAK 8 6 WILSON 1 0
ZAVALA 4 4 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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Eagle Ford Player Alta Mesa Increases Borrowing Base http://eaglefordshale.com/news/alta-mesa-announces-increase-in-borrowing-base/ http://eaglefordshale.com/news/alta-mesa-announces-increase-in-borrowing-base/#respond Fri, 21 Nov 2014 17:33:46 +0000 http://eaglefordshale.com/?p=7008 Houston-based Alta Mesa LP, an Eagle Ford player with acreage in Karnes, Goliad and DeWitt Counties, announced an increase in its borrowing base from $350-million to $375-million this week.

Alta Mesa’s credit facility is provided by a syndicate of ten banks agented by Wells Fargo Bank, N.A. and co-agented by Union Bank, N.A.

Alta Mesa Recent Eagle Ford Divestiture

Alta Mesa entered the Eagle Ford in 2010 with its acquisition of the Eagleville Field from Meridian Resources Corp. Alta Mesa also has interest across East Texas, South Louisiana and the Sooner trend in Oklahoma.

In the first quarter of this year, Alta Mesa sold some its interests in the Eagleville Field to Memorial Production Partners in a $173 million deal, divesting 15,200 (800 net) acres in Karnes County.

Read more: Memorial Production Partners Buys Eagle Ford Assets in $173-Million Deal

Alta Mesa Q3 Eagle Ford Operations

During the third-quarter, Alta Mesa’s Eagle Ford production dropped 400 boe/d in the Eagle Ford quarter-over-quarter to 3,000 boe/d. Company officials cited the partial Eagleville divestiture during the first-quarter as the primary reason for the drop in the company’s most recent operations update released this week.

Alta Mesa is focused on downspacing and increasing its operational efficiencies in the Eagle Ford. Currently, staggered 20 acre downspacing is being tested. Company officials say that could add ~3 years of additional drilling in the Upper Eagle Ford at the company’s current 2 rig pace. As of November of 2014, Alta Mesa expects to place four additional 20-acre Upper Eagle Ford Shale staggered spaced wells online. In 2014, the company’s capital expenditures are expected to total $50-million in the Eagle Ford.

Read more at altamesa.net

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JPMorgan Settles Eagle Ford Shale Case http://eaglefordshale.com/news/jpmorgan-settles-eagle-ford-shale-case/ http://eaglefordshale.com/news/jpmorgan-settles-eagle-ford-shale-case/#respond Wed, 19 Nov 2014 15:13:35 +0000 http://eaglefordshale.com/?p=6997 McMullen County Eagle Ford Shale Map

McMullen County, TX

JPMorgan Chase & Co. has settled a lawsuit by a group of Texas mineral rights owners in the Eagle Ford Shale, Bloomberg reports. 

The lawsuit alleged JP Morgan, as trustee of the South Texas Syndicate (STS) Trust, cheated beneficiaries out of millions of dollars through its’ mis-management of the trust’s oil & gas interests. The STS Trust’s beneficiaries own the mineral rights to 132,000 acres in LaSalle and McMullen counties in the heart of the Eagle Ford Shale’s oil window.

Beneficiaries claim JP Morgan entered “sweetheart deals” with its commercial clients, Petrohawk Energy Corp. and Hunt Oil Co., that cheated them out of more than $600-million in compensation. JPMorgan denied those claims as speculation.

On Nov. 14, a settlement was reached and the jury that had been called to hear testimony in the case was dismissed. The terms of the settlement were not revealed by either party.

At the heart of the lawsuit, beneficiaries claimed JPMorgan took leases for large chunks of acreage at low lease rates to gain favor with its oil company clients, but leases were taken before the Eagle Ford boom really took off. It’s hard to imagine it now, but the Eagle Ford was a wildcat area in 2008, and largely off the radar.

Petrohawk, which sold to BHP-Billiton for $12-billion in 2011, and a major lessee in the STS acreage, took a calculated risk in South Texas, and it paid off big. But for all most folks knew in 2008, if they had even heard about the Eagle Ford Shale, is it could have been a bust. Of course, that turned out not to be the case.

For further review, the case is Meyer v. JP Morgan Chase Bank, 2018-CI-10977, District Court, Bexar County, Texas (San Antonio).

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Eagle Ford Shale Rig Count Decreases by Seven to 265 http://eaglefordshale.com/drilling-rig-count/eagle-ford-shale-rig-count-decreases-seven-265/ http://eaglefordshale.com/drilling-rig-count/eagle-ford-shale-rig-count-decreases-seven-265/#respond Mon, 17 Nov 2014 15:17:02 +0000 http://eaglefordshale.com/?p=6991 Anadarko Eaglebine Acreage

Anadarko Eaglebine Acreage|Click to Enlarge

The Eagle Ford Shale rig count decreased by seven to 265 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, Woodlands, TX-based Anadarko Corp. entered into a joint venture (JV) with private equity firm KKR & Co. to develop a portion of Anadarko’s East Texas/Eaglebine acreage.

Under the terms of the deal, KKR agreed to carry $442-million of Anadarko’s future capital expenditures in Brazos, Burleson, and Robertson Counties, situated northwest of Houston, TX.

Read more: Anadarko Enters Eaglebine Joint Venture with KKR & Co. – $442-Million

The U.S. rig count increased by three to 1,928 rigs running by the end of last week. A total of 350 rigs were targeting natural gas (six less than the previous week) and 1,578 were targeting oil in the U.S. (10 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  902 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 (208 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 count decreased by three to 17 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 dropped by $.40 from the previous week to $4.06/mmbtu on Friday afternoon.

The oil rig count decreased by four to 248 rigs running by the end of last week. WTI oil prices decreased by ~$3 from the previous week, trading at $75.97/bbl on Friday afternoon. Eagle Ford light crude traded at $72.75/bbl on Nov. 14th.

A total of 248 rigs are drilling horizontal wells, 9 rigs are drilling directional wells, and 8 rigs are drilling vertical wells. Karnes, La Salle, Dimmit, and DeWitt each have at minimum 26 rigs running. Dimmit County has the highest rig count this week at 37. See the full list below in the Eagle Ford Shale Drilling by County below

South Texas Oil & Gas News:

Be sure to visit our South Texas Oilfield Job Listings to search openings and come back weekly for updates or sign up for alerts – Every other Weekday or Weekly Email Alerts

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
DIMMIT 39 37 FAYETTE 4 3
KARNES 33 33 LEE 4 3
DE WITT 28 27 LEON 3 3
LA SALLE 25 26 COLORADO 1 2
MCMULLEN 20 19 MAVERICK 2 2
WEBB 16 16 BEE 1 1
ATASCOSA 12 13 DUVAL 1 1
GONZALES 16 13 WILSON 1 1
LAVACA 9 12 AUSTIN 0 0
BRAZOS 14 11 GOLIAD 0 0
BURLESON 10 11 GRIMES 1 0
MADISON 12 11 MILAM 0 0
FRIO 7 8 ROBERTSON 0 0
LIVE OAK 8 8 WASHINGTON 1 0
ZAVALA 4 4 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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Anadarko Enters Eaglebine Joint Venture with KKR & Co – $442 Million http://eaglefordshale.com/news/anadarko-eagle-ford-east-q3/ http://eaglefordshale.com/news/anadarko-eagle-ford-east-q3/#respond Fri, 14 Nov 2014 18:42:43 +0000 http://eaglefordshale.com/?p=6983 Anadarko Eaglebine Acreage

Anadarko Eaglebine Acreage|Click to Enlarge

During the third-quarter of 2014, Woodlands, TX-based Anadarko Corp. entered into a joint venture (JV) with private equity firm KKR & Co. to develop a portion of Anadarko’s East Texas/Eaglebine acreage.

Under the terms of the deal, KKR agreed to carry $442-million of Anadarko’s future capital expenditures in Brazos, Burleson, and Robertson Counties, situated northwest of Houston, TX. In exchange, KKR received 36,000 net acres in the JV area of mutual interest (AMI) and 40% of Anadarko’s working interest (WI) in 33 wells. In a prepared release, KKR company officials said through long-term development of the field, they expect to participate in more than 500 wells.

“We see the Eaglebine as a really exciting and potentially explosive area, Anadarko CEO Al Walker said on an investor conference call in late October of 2014.

Anadarko will remain the operator of the acreage with an average post-transaction WI of approximately 51% in the JV AMI. Anadarko company officials say the transaction will enable the company to more rapidly develop this short-cycle oil opportunity with the addition of incremental drilling rigs, while further enhancing Anadarko’s capital efficiency and flexibility.

During the third-quarter, Anadarko spud five wells with one rig in the Eaglebine. Production from these new wells increased the company’s net sales volumes to more than 3,000 boe/d, with a 90% oil cut, according to Anadarko’s third-quarter operations update.

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Shale EnviroSafe Summit in San Antonio, TX – Dec. 2, 2014 – Press Release http://eaglefordshale.com/press-releases/shale-envirosafe-summit-in-san-antonio-tx-dec-2-2014/ http://eaglefordshale.com/press-releases/shale-envirosafe-summit-in-san-antonio-tx-dec-2-2014/#respond Fri, 14 Nov 2014 15:00:01 +0000 http://eaglefordshale.com/?p=6980 The Shale EnviroSafe Summit will take place December 2nd at the Henry B. Gonzalez Convention Center in San Antonio, Texas. The Summit is a one-day event focused on environmental, health, safety and regulatory considerations for shale plays across the U.S. The event was designed to bring together like-minded EH&S professionals to network and discuss important industry issues in one concentrated, fast-moving day.

The Shale EnviroSafe Summit will host six educational sessions, along with an introductory breakfast and a closing networking reception. Sessions include community interaction and engagement; transportation issues; safety in rural and residential areas; specialized emergency response; case studies; and managing short service employees. Each of the six sessions will feature experts from companies such as Shell, ConocoPhillips, Union Pacific Railroad, Marathon Oil, Hilcorp Energy, and more.

To register or view the latest updates on Shale EnviroSafe, visit www.shaleenvirosafe.com. For information on attendance or sponsoring opportunities, please contact Marketing Manager Carey Buchholtz at 713.343.1878.

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Contact:

Carey Buchholtz
Marketing Manager
713.343.1878
careyb@tradefairgroup.com

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Eagle Ford Rig Worker Injured in Explosion Dies http://eaglefordshale.com/news/eagle-ford-rig-worker-injured-explosion-dies/ http://eaglefordshale.com/news/eagle-ford-rig-worker-injured-explosion-dies/#respond Wed, 12 Nov 2014 15:20:57 +0000 http://eaglefordshale.com/?p=6973 According to KSAT-TV, an oilfield worker badly injured in an Eagle Ford rig explosion near Tilden, TX, on October 24th, has died.

KSAT-TV reported the man, identified as 50-year-old Roel Rodriguez, passed away on Saturday at San Antonio Military Medical Center. Rodriguez was one of five workers injured in the explosion. At this time, the condition of the other workers is unknown.

Pioneer Natural Resources was named as the owner of the rig involved in the explosion. According to the company, the fire ignited as the workers were conducting a procedure on the rig.

Are Eagle Ford Workers Safe?

Unfortunately, oilfield injuries and fatalities have been on the rise in Texas since 2007.

Read more: Are Eagle Ford Workers Safe?

In late February of 2014, the Houston Chronicle reported 65 oil and gas workers were killed on the job in 2012 alone in Texas, and at least 18,000 workers suffered amputations, were crushed, burned, broke bones, got cut, or reported other work-related illnesses or injuries between 2008-13.

The sad fact is there is an irrefutable correlation between the oil & gas renaissance in Texas and injuries and fatalities among oilfield workers. In 2008, Texas produced ~1.1-million b/d crude oil, but by 2013, that figure had skyrocketed to ~2.5-million b/d, according to the Energy Information Administration.

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Braun Intertec Expands Operations to Texas – Press Release http://eaglefordshale.com/press-releases/braun-intertec-expands-operations-to-texas/ http://eaglefordshale.com/press-releases/braun-intertec-expands-operations-to-texas/#respond Tue, 11 Nov 2014 16:00:39 +0000 http://eaglefordshale.com/?p=6969 Braun Intertec, one of the Upper Midwest’s premier engineering, consulting and testing firms, expands its operations to San Antonio, Texas, to support the oil and gas industry in the Eagle Ford Shale area and the surrounding infrastructure. The office will offer nondestructive examination, geotechnical engineering, environmental consulting, construction materials testing, and building sciences services.

Braun Intertec anticipates the new office location in San Antonio will allow its experienced engineers, scientists and field personnel to deliver the level of service and technical expertise needed in the booming oil and gas industry in Texas. The Eagle Ford Shale area is one of the most active shale plays in the world and continues to profoundly impact the community and economic development of South Texas.

With the company’s more than 30 years of experience in the oil and gas industry combined with the Texas-based, local leadership at the San Antonio office, Braun Intertec is prepared to serve the thriving industry in Texas.

Gary Kelley, business unit manager at the Braun Intertec San Antonio office, says, “As a native Texan, I’m excited to join the Braun Intertec team. I am more than confident the unique and varied skill set offered by Braun Intertec paired with the local expertise of our San Antonio business unit leaders will be able to keep pace with the immediate and growing needs of the Eagle Ford Shale community as well as the corresponding expansions in the industrial, municipal and private sectors.”

For more information about Braun Intertec, visit www.braunintertec.com or chat with us on Twitter @Braunintertec.

About Braun Intertec

Based in Minneapolis, employee-owned Braun Intertec (www.braunintertec.com) is a premier engineering, environmental consulting and testing firm with more than 600 employees located in multiple Twin Cities offices, as well as in Duluth, Hibbing, Mankato, Rochester, and St. Cloud, Minnesota. Braun Intertec also has offices in Bismarck, Dickinson, West Fargo, and Minot, North Dakota; La Crosse and Milwaukee, Wisconsin; Cedar Rapids, Iowa; and San Antonio, Texas. Braun Intertec subsidiaries include Agile Frameworks, LLC, Braun Intertec Geothermal, LLC, both based in Minneapolis.

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Contact:

Tiffany DeMuth

tdemuth@braunintertec.com

952-995-2079

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Eagle Ford Shale Rig Count Decreases by Four to 276 http://eaglefordshale.com/drilling-rig-count/eagle-ford-shale-rig-count-decreases-by-four-to-276/ http://eaglefordshale.com/drilling-rig-count/eagle-ford-shale-rig-count-decreases-by-four-to-276/#respond Mon, 10 Nov 2014 15:00:35 +0000 http://eaglefordshale.com/?p=6963 Eagle Ford Shale Well Map

Eagle Ford Shale Well Map | Click to Enlarge

The Eagle Ford Shale rig count decreased by four to 272 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, lower commodities prices for crude oil aren’t likely to stop new drilling in the Eagle Ford. With breakeven oil prices between $50 – $60 per barrel, in certain liquids-rich areas of the play, operators will continue to drill, even if prices inch closer to this range.

Should prices drop to $70 per barrel, experts believe the Eagle Ford will likely experience a slowdown, but not an all out bust. And some producers will fare better than others, depending on their position.

Read moreWorried About Oil Prices? Here’s What to Expect in the Eagle Ford

The U.S. rig count decreased by four to 1,925 rigs running by the end of last week. A total of 356 rigs were targeting natural gas (ten more than the previous week) and 1,568 were targeting oil in the U.S. (14 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  906 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 (212 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 count increased by three to 20 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 rose by $.58 from the previous week to $4.46/mmbtu on Friday afternoon.

The oil rig count decreased by seven to 252 rigs running by the end of last week. WTI oil prices decreased by ~$1.50 from the previous week, trading at $78.95/bbl on Friday afternoon. Eagle Ford light crude traded at $74.25/bbl on Nov. 6th.

A total of 252 rigs are drilling horizontal wells, 13 rigs are drilling directional wells, and 7 rigs are drilling vertical wells. Karnes, La Salle, Dimmit, and DeWitt each have at minimum 25 rigs running. Dimmit County has the highest rig count this week at 39. See the full list below in the Eagle Ford Shale Drilling by County below

South Texas Oil & Gas News:

Be sure to visit our South Texas Oilfield Job Listings to search openings and come back weekly for updates or sign up for alerts – Every other Weekday or Weekly Email Alerts

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
DIMMIT 37 39 LEE 4 4
KARNES 35 33 ZAVALA 4 4
DE WITT 23 28 LEON 3 3
LA SALLE 27 25 MAVERICK 3 2
MCMULLEN 23 20 BEE 1 1
GONZALES 17 16 COLORADO 1 1
WEBB 17 16 DUVAL 0 1
BRAZOS 13 14 GRIMES 1 1
ATASCOSA 15 12 WASHINGTON 1 1
MADISON 12 12 WILSON 1 1
BURLESON 10 10 AUSTIN 0 0
LAVACA 9 9 GOLIAD 0 0
LIVE OAK 7 8 MILAM 0 0
FRIO 8 7 ROBERTSON 0 0
FAYETTE 4 4 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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