Eagle Ford permitting has risen more than 150% over 2010 and the producing well count likely surpassed 1,000 in early October. That’s a quick trip to 1,000 producing wells. There were virtually ZERO in 2008.
With 770 producing wells at the beginning of September and ~ 200 active rigs drilling in the play, we likely eclipsed 1,000 producing wells sometime in early to mid-October.
Permit numbers increased by roughly 150 percent, totalling 2,522 permitted wells. That number is up from 1,010 drilling permits issued last year, and up more than 9,000 percent since 2008.
As of Sept. 1, 300 oil and 470 natural gas wells are operating in the 16-county shale rock play, according to the Texas Rail Road Commission,
Read the entire news release at ibtimes.com