The Eagle Ford Shale rig count increased by four, ending the week with 52 rigs running across our coverage area by midday Friday.
In recent Eagle Ford news, in the wake of the shale boom hundreds of roadways in South Texas are in disrepair and will likely cost communities hundreds of millions of dollars to fix.
Read more:Eagle Ford County Roads a Mess
A total of 476 oil and gas rigs were running across the United States this week, which is a drop of nine over last week. 89 were targeting natural gas (four less more than the previous week) and 387 were targeting oil in the U.S. (one more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 217 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 increased in the Eagle Ford fell by on to five this week as natural gas prices improved slightly, trading at $1.93/mmbtu, a $.11 increase from the previous week.
The Eagle Ford saw an increase in running oil rigs up this week to 45 with WTI oil prices ending the week at $39.64, an increase of $1.05 over last week. A total of 45 rigs are drilling horizontal wells, zero are drilling directional wells, and seven are vertical rigs.
Karnes County continues to lead the region in development with 13 running rigs. 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