Eagle Ford Regional Rig Count at 244 – Feb 15, 2013

EOG's Eagle Ford Well Produces 7,700 boe/d
EOG Resources South Texas Eagle Ford Map

EOG South Texas Eagle Ford Map | Click to Enlarge

The Eagle Ford Shale drilling rig count fell 8 rigs to 244 running this past week and several producers reported earnings.

EOG detailed what is the largest Eagle Ford well ever drilled based on IP rate. The Burrow Unit #2H, which had an initial production rate of 6,330 b/d of oil with 713 b/d of NGLs and 4.1 mmcfd of natural gas, is the biggest well drilled to date. That’s over 7,700 boe/d! An offset well in the same unit produced over 6,600 boe/d. There’s a smiling royalty owner somewhere. Hopefully, Hawaii.

We also shared our thoughts on NAPE – Heard at Winter NAPE 2013.

Eagle Ford Oil & Gas Rigs

The natural gas rig count fell to 30 running this past week. That’s an Eagle Ford record low.¬† Gas prices fell a dime over the week and were trading near $3.16/mmbtu on Friday afternoon.

The oil rig count fell 1 unit to 212 running in the area. WTI crude futures were trading close to $96 per barrel to end the week. Eagle Ford crude prices were unchanged from the Friday before at $104.87/bbl on the 15th of February. Eagle Ford light crude and condensate in the area traded at $92.25 and $91.25, respectively.

There are 217 horizontal rigs running in the region. A disposal well is being drilled in Frio County and an injection well is being drilled in Karnes County.

La Salle County leads development with 36 rigs running. DeWitt (27), Karnes (24), Webb (23), Dimmit (22), Gonzales (22), McMullen (22), Live Oak (18), Atascosa (10), Leon (7), Lavaca (6), and Frio (5) round out the top counties in the region.

South Texas Oil & Gas News:

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Eagle Ford Rig Count by Operator

Operator Name Prior Week Current Week
BHP (Petrohawk) 29 28
EOG Resources 23 24
Marathon Oil (Hilcorp) 18 18
Chesapeake 11 17
ConocoPhillips 11 11
Lewis Petroleum 10 10
Murphy Oil 11 10
Pioneer Natural 10 10
Plains Exploration 9 7
Talisman Energy (Statoil) 8 7
Anadarko 8 7
Rosetta Resources 6 7
EP Energy 5 6
Shell 6 6
Halcon Resources 6 6
Hunt Oil 5 5
Swift Energy 4 5
Carrizo Oil & Gas 4 5
SM Energy 3 4
Penn Virginia 3 3
All Others 62 48
Total 252 244

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.

Eagle Ford Shale Drilling by County

Texas County Prior Week Current Week Texas County Prior Week Current Week
LA SALLE 35 36 GRIMES 3 3
DEWITT 23 27 FAYETTE 3 2
KARNES 27 24 ROBERTSON 3 2
WEBB 26 23 DUVAL 1 1
DIMMIT 21 22 MAVERICK 1 1
GONZALES 24 22 ZAVALA 2 1
MCMULLEN 24 22 AUSTIN 0 0
LIVE OAK 19 18 BASTROP 0 0
ATASCOSA 10 10 BEE 0 0
LEON 7 7 BURLESON 0 0
LAVACA 6 6 COLORADO 0 0
FRIO 5 5 GOLIAD 0 0
WILSON 5 5 LEE 0 0
MADISON 3 4 MILAM 0 0
BRAZOS 4 3 Washington 0 0
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R.T. Dukes

R.T. Dukes

Managing Editor at EagleFordShale.com
R.T. is the managing editor of EagleFordShale.com. In prior roles, he advised major oil companies on strategy, the macro business environment, and opportunity screening. 2503 Robinhood, Houston, TX, 77005, U.S.A. | Telephone: 832.429.4790

Comments

  1. Morris Jalufka says:

    What did they have the choke on………80?

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