The Eagle Ford Shale rig count fell again this week, ending with 35 rigs running across our coverage area by midday Friday.
In recent Eagle Ford news, the Texas Railroad Commission (RRC) granted a permit for a waste dump to be build on 143 acres in Nordheim amidst huge community opposition.
A total of 414 oil and gas rigs were running across the United States this week, down five from last week. 86 were targeting natural gas (one less than the previous week) and 328 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.) 188 of the rigs active in the U.S. were running in Texas.
Baker Hughes reports its own Eagle Ford Rig Count that covers the 14 core counties. 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 below.
Eagle Ford Oil & Gas Rigs
Natural gas rigs in the Eagle Ford remained at six this week as natural gas prices declined slightly to $2.10/mmbtu.
The Eagle Ford rigs targeting oil fell this week to 29 with WTI oil prices dipping to $44.62, a $1.30 decrease this week. A total of 32 rigs are drilling horizontal wells, zero are drilling directional wells, and three are vertical rigs.
Karnes County leads development in the region with 11 rigs running this week. See the full list below in the Eagle Ford Shale Drilling by County below.
Eagle Ford Shale Drilling by County
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Eagle Ford Shale News
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.
Read more at bakerhughes.com