Eagle Ford Shale Rig Count Stays Flat at 263

3.2 Magnitude Earthquakes Shakes Up Atascosa County
Eagle Ford Contour Map

Eagle Ford Depth Map | Click to Enlarge

The Eagle Ford Shale rig count stayed flat at 263 rigs running across our coverage area by the end of last week.

In recent news, the U.S. Geological Survey (USGS) confirmed a 3.2 magnitude earthquake last week, two miles southeast of Charlotte, TX in Atascosa County, which is almost entirely in the liquids-rich or oil window of the Eagle Ford Shale. Last week, 13 active rigs were running in the area.

According to the USGS, there is evidence that some central and eastern North American earthquakes have been triggered or caused by human activities that have altered the stress conditions in earth’s crust. The cause of this most recent quake is unknown; however, in the Eagle Ford Shale and other areas for oil & gas development in Texas, a link has been made between waste water disposal/injection wells and seismic activity.

Read more: Eagle Ford Earthquake – Video

The U.S. rig count increased by six to 1,931 rigs running by the end of last week. A total of 338 rigs were targeting natural gas (two more than the previous week) and 1,592 were targeting oil in the U.S. (8 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  905 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 (203 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 two to 11 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 relatively flat from the previous week at $3.94/mmbtu on Friday afternoon.

The oil rig count increased by 2 to 252 rigs running by the end of last week. WTI oil prices decreased slightly from the previous week, trading at $92.34/bbl on Friday afternoon. Eagle Ford light crude traded at $88.75/bbl on Sept. 12th.

A total of 246 rigs are drilling horizontal wells, seven rigs are drilling directional wells, and ten rigs are drilling vertical wells. Karnes, La Salle, De Witt, and Webb each have at minimum 25 rigs running. Karnes County has the highest rig count this week at 38. 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 - Daily or Weekly Email Alerts

Eagle Ford Shale Drilling by Count


County Previous Week Current Week County Previous Week Current Week
KARNES 33 38 LEE 3 3
LA SALLE 30 28 LEON 3 3
DIMMIT 22 25 WILSON 3 3
MCMULLEN 20 24 ZAVALA 3 3
DE WITT 26 23 DUVAL 2 2
WEBB 26 21 GRIMES 2 2
ATASCOSA 13 13 ROBERTSON 3 2
BRAZOS 11 12 BEE 0 1
GONZALES 11 12 COLORADO 1 1
MADISON 12 12 GOLIAD 1 1
LAVACA 10 11 WASHINGTON 1 1
LIVE OAK 8 7 AUSTIN 0 0
BURLESON 7 6 MAVERICK 0 0
FRIO 7 5 MILAM 0 0
FAYETTE 5 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.

Eagle Ford Earthquake – Video

3.2 Magnitude Quake Recorded Two Miles Southeast of Charlotte, TX in Atascosa County

The U.S. Geological Survey (USGS) confirmed a 3.2 magnitude earthquake on Wednesday, two miles southeast of Charlotte, TX in Atascosa County, which is almost entirely in the liquids-rich or oil window of the Eagle Ford Shale. Last week, 13 active rigs were running in the area.

According to the USGS, there is evidence that some central and eastern North American earthquakes have been triggered or caused by human activities that have altered the stress conditions in earth’s crust. The cause of this most recent quake is unknown; however, in the Eagle Ford Shale and other areas for oil & gas development in Texas, a link has been made between waste water disposal/injection wells and seismic activity.

Injection wells are necessary to the fracking process, a method by which a well is completed using treated water under extreme pressure. When a well is fracked, it produces flowback or produced water that must be disposed of properly in waste water disposal/injection wells deep underground. Recently, EagleFordShale.com posted a story about new waste water disposal rules that could be put into practice soon in Texas, following a rash of low magnitude earthquakes across the state.

Read more: Could New Waste Water Disposal Rules be Coming in Texas?

EagleFordShale.com Founder Kenny DuBose, said, “there are two primary ways in which the oil and gas industry commonly “ads” energy (pressure) into the ground. That is through hydraulic fracturing and water injection. The industry “subtracts” energy from the ground by producing hydrocarbons and the associated water that generally comes with it. These two forces are constantly opposing and offsetting each other. On a localized basis, at any given point in time, it is possible that the net result of these two forces is great enough (in either direction) to cause small and local trimmers. No doubt many of these are of such short duration and so small that they are never even noticed. Then there are some that make it to the observable and measurable threshold. Local and hyperlocal geology will generally determine the susceptibility of a particular area to these trimmers.”

KABB, the Fox affiliate in San Antonio, ran a story yesterday about the quake that occurred this week. Click on the video below to see their report:

Eagle Ford Shale Rig Count Increases by 1 to 263

New Waste Water Disposal Rules Could be Coming to Texas Soon
Eagle Ford Disposal Well Map

Eagle Ford Disposal Well Map | Click to Enlarge

The Eagle Ford Shale rig count increased by one to 263 rigs running across our coverage area by the end of last week.

In recent news, new waste water disposal rules could soon impact oil and gas development in Texas.

After a rash of low-magnitude earthquakes linked to injection/waste water disposal wells across the state, new rules could soon be on the table soon for industry to dispose of its drilling waste water.

Read moreCould New Waste Water Disposal Rules Be Coming to Texas?

The U.S. rig count increased by 11 to 1,925 rigs running by the end of last week. A total of 340 rigs were targeting natural gas (two more than the previous week) and 1,584 were targeting oil in the U.S. (9 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  907 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 (202 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 one to 13 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 decreased by ~$.10 from the previous week to $4.08/mmbtu on Friday afternoon.

The oil rig count stayed flat at 250 rigs running by the end of last week. WTI oil prices increased by more than $2 from the previous week, trading at $93.25/bbl on Friday afternoon. Eagle Ford light crude traded at $89.75/bbl on Sept. 5th.

A total of 249 rigs are drilling horizontal wells, six rigs are drilling directional wells, and eight rigs are drilling vertical wells. Karnes, La Salle, De Witt, and Webb each have at minimum 25 rigs running. Karnes County has the highest rig count this week at 33. 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 - Daily or Weekly Email Alerts

Eagle Ford Shale Drilling by Count


County Previous Week Current Week County Previous Week Current Week
KARNES 34 33 LEE 3 3
LA SALLE 30 30 LEON 3 3
DE WITT 26 26 ROBERTSON 3 3
WEBB 27 26 WILSON 2 3
DIMMIT 23 22 ZAVALA 3 3
MCMULLEN 21 20 DUVAL 2 2
ATASCOSA 12 13 GRIMES 2 2
MADISON 12 12 COLORADO 1 1
BRAZOS 11 11 GOLIAD 0 1
GONZALES 11 11 WASHINGTON 1 1
LAVACA 10 10 AUSTIN 0 0
LIVE OAK 8 8 BEE 0 0
BURLESON 7 7 MAVERICK 0 0
FRIO 6 7 MILAM 0 0
FAYETTE 4 5 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.

Eagle Ford Shale Rig Count Increases by 2 to 262

Texas Oil Production Hits 2.16 Million b/d - June 2014
Pump Jack Image

Oil Well Pump Jack

The Eagle Ford Shale rig count increased by two to 262 rigs running across our coverage area by the end of last week.

In recent news, the Texas Railroad Commission (RRC) reported state-wide crude oil production of 2.16-million b/d for June, 2014, at the end of August. That’s less than a 1% increase from the previous month, but 29% from the same time in 2013. Most of the state’s oil production in June came from the Eagle Ford Shale and West Texas’ Permian Basin.

Read more: Texas Oil Production Hits 2.16 Million b/d – June 2014

The U.S. rig count increased by 18 to 1,914 rigs running by the end of last week. A total of 338 rigs were targeting natural gas (eight more than the previous week) and 1,575 were targeting oil in the U.S. (11 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  900 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 (203 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 12 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 increased by more than $.20 from the previous week to $4.08/mmbtu on Friday afternoon.

The oil rig count increased by three to 250 rigs running by the end of last week. WTI oil prices increased by ~$2 from the previous week, trading at $95.85/bbl on Friday afternoon. Eagle Ford light crude traded at $92.50/bbl on August 29th.

A total of 247 rigs are drilling horizontal wells, six rigs are drilling directional wells, and nine rigs are drilling vertical wells. Karnes, La Salle, De Witt, and Webb each have at minimum 25 rigs running. Karnes County has the highest rig count this week at 34. 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 - Daily or Weekly Email Alerts

Eagle Ford Shale Drilling by Count


County Previous Week Current Week County Previous Week Current Week
KARNES 33 34 LEE 3 3
LA SALLE 31 30 LEON 3 3
WEBB 27 27 ROBERTSON 2 3
DE WITT 25 26 ZAVALA 5 3
DIMMIT 22 23 DUVAL 2 2
MCMULLEN 20 21 GRIMES 2 2
ATASCOSA 13 12 WILSON 1 2
MADISON 12 12 COLORADO 1 1
BRAZOS 13 11 WASHINGTON 1 1
GONZALES 12 11 AUSTIN 0 0
LAVACA 10 10 BEE 0 0
LIVE OAK 8 8 GOLIAD 0 0
BURLESON 7 7 MAVERICK 0 0
FRIO 3 6 MILAM 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.

Eagle Ford Shale Rig Count Decreases by One to 260

BHP Billiton May Soon Get Green Light to Export Eagle Ford Condensate
Pioneer Central Gathering Plant

Pioneer Central Gathering Plant | Click to Enlarge

The Eagle Ford Shale rig count decreased by one to 260 rigs running across our coverage area by the end of last week.

In recent news, Houston-based BHP Billiton may soon get the green light to export condensate from the Eagle Ford Shale. According to the Houston Chronicle, BHP President Rod Skaufel confirmed the company has applied for an export permit with the U.S. Commerce Department (US DoC).

Read more: Eagle Ford’s BHP Billiton Seeks to Export Condensate

The U.S. rig count decreased by 17 to 1,896 rigs running by the end of last week. A total of 330 rigs were targeting natural gas (nine more than the previous week) and 1,564 were targeting oil in the U.S. (25 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  888 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 (200 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 13 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 increased slightly from the previous week to $3.85/mmbtu on Friday afternoon.

The oil rig count decreased by four to 247 rigs running by the end of last week. WTI oil prices stayed relatively flat from the previous week, trading at $93.57/bbl on Friday afternoon. Eagle Ford light crude traded at $90.50/bbl on August 21st.

A total of 247 rigs are drilling horizontal wells, four rigs are drilling directional wells, and nine rigs are drilling vertical wells. Karnes, La Salle, De Witt, and Webb each have at minimum 25 rigs running. Karnes County has the highest rig count this week at 33. 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 - Daily or Weekly Email Alerts

Eagle Ford Shale Drilling by Count


County Previous Week Current Week County Previous Week Current Week
KARNES 34 33 FRIO 5 3
LA SALLE 31 31 LEE 3 3
WEBB 27 27 LEON 3 3
DE WITT 26 25 DUVAL 0 2
DIMMIT 20 22 GRIMES 2 2
MCMULLEN 19 20 ROBERTSON 2 2
ATASCOSA 13 13 COLORADO 2 1
BRAZOS 13 13 WASHINGTON 1 1
GONZALES 13 12 WILSON 0 1
MADISON 13 12 AUSTIN 0 0
LAVACA 12 10 BEE 0 0
LIVE OAK 7 8 GOLIAD 0 0
BURLESON 7 7 MAVERICK 0 0
ZAVALA 4 5 MILAM 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.

Eagle Ford Shale Rig Count Decreases by Five to 261

EIA: Eagle Ford Shale Expected to Produce 1.51-Million b/d Crude Oil in Sept. 2014
EIA Eagle Ford Production

EIA Eagle Ford Production | Click to Enlarge

The Eagle Ford Shale rig count decreased by five to 261 rigs running across our coverage area by the end of last week.

In recent news, The U.S. Energy Information Administration (EIA) predicts the Eagle Ford Shale will produce 1.51-million b/d crude oil in September 2014. That’s an increase of ~31,000b/d over August’s expected production (1.48-million b/d), according to the EIA’s monthly Drilling Productivity Report released this week.

Read moreEIA: Eagle Ford Oil Production Will Hit 1.5-Million b/d – Sept. 2014

The U.S. rig count increased by five to 1,913 rigs running by the end of last week. A total of 321 rigs were targeting natural gas (five more than the previous week) and 1,589 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.).  901 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 (199 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 one to ten 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 decreased slightly from the previous week to $3.77/mmbtu on Friday afternoon.

The oil rig count decreased by six to 251 rigs running by the end of last week. WTI oil prices stayed relatively flat from the previous week, trading at $97.09/bbl on Friday afternoon. Eagle Ford light crude traded at $92.00/bbl on August 14th.

A total of 247 rigs are drilling horizontal wells, four rigs are drilling directional wells, and ten rigs are drilling vertical wells. Karnes, La Salle, De Witt, and Webb each have at minimum 25 rigs running. Karnes County has the highest rig count this week at 34. 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 - Daily or Weekly Email Alerts

Eagle Ford Shale Drilling by Count


County Previous Week Current Week County Previous Week Current Week
KARNES 32 34 ZAVALA 4 4
LA SALLE 31 31 LEE 3 3
WEBB 27 27 LEON 3 3
DE WITT 29 26 COLORADO 2 2
DIMMIT 20 20 GRIMES 2 2
MCMULLEN 19 19 ROBERTSON 2 2
ATASCOSA 13 13 WASHINGTON 1 1
BRAZOS 13 13 AUSTIN 0 0
GONZALES 13 13 BEE 0 0
MADISON 15 13 DUVAL 0 0
LAVACA 13 12 GOLIAD 0 0
BURLESON 7 7 MAVERICK 0 0
LIVE OAK 7 7 MILAM 0 0
FRIO 5 5 WILSON 1 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.

Eagle Ford Shale Rig Count Stays Flat at 266

EOG Increases Eagle Ford Estimated Reserve Potential 45%
EOG Resources Eagle Ford Reserve Potential

EOG Resources Eagle Ford Reserve Potential

The Eagle Ford Shale rig count stayed flat at 266 rigs running across our coverage area by the end of last week.

In recent news,  EOG Resources revealed a 45% increase in its Eagle Ford estimated potential reserves from 2.2 net BnBoe to 3.2 net BnBoe. This is the company’s third reserve increase in four years. EOG officials expect continued production growth in the Eagle Ford, with a current drilling inventory of 12 years.

Read moreEOG Resources Increases Eagle Ford Reserve Potential 45%

The U.S. rig count increased by 19 to 1,908 rigs running by the end of last week. A total of 316 rigs were targeting natural gas (three more than the previous week) and 1,588 were targeting oil in the U.S. (15 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  908 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 (201 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 one to nine 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 increased slightly from the previous week to $3.97/mmbtu on Friday afternoon.

The oil rig count decreased by one to 257 rigs running by the end of last week. WTI oil prices stayed relatively flat from the previous week, trading at $97.57/bbl on Friday afternoon. Eagle Ford light crude traded at $94.00/bbl on July 24th.

A total of 247 rigs are drilling horizontal wells, 6 rigs are drilling directional wells, and 13 rigs are drilling vertical wells. Karnes, La Salle, De Witt, and Webb each have at minimum 25 rigs running. Karnes County has the highest rig count this week at 32. 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 - Daily or Weekly Email Alerts

Eagle Ford Shale Drilling by Count


County Previous Week Current Week County Previous Week Current Week
KARNES 33 32 ZAVALA 5 4
LA SALLE 31 31 LEE 3 3
DE WITT 30 29 LEON 3 3
WEBB 24 27 COLORADO 2 2
DIMMIT 20 20 GRIMES 2 2
MCMULLEN 22 19 ROBERTSON 1 2
MADISON 15 15 WASHINGTON 1 1
ATASCOSA 13 13 WILSON 1 1
BRAZOS 13 13 AUSTIN 0 0
GONZALES 14 13 BEE 0 0
LAVACA 11 13 DUVAL 0 0
BURLESON 7 7 GOLIAD 0 0
LIVE OAK 5 7 MAVERICK 0 0
FRIO 6 5 MILAM 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.

Matador’s Eagle Ford Production Breaks Record in Q2 2014

30% Increase in Portfolio-Wide Production - 15,424 boe/d
Matador Eagle Ford Acreage

Matador Eagle Ford Acreage | Click to Enlarge

Dallas, Texas-based Matador Resources hit record production levels portfolio-wide in the second-quarter of 2014, thanks mostly to its Eagle Ford Shale production. The company recorded a 30% quarter-on-quarter production increase to 15,424 boe/d, and a 46% increase year-over-year.

During the quarter, approximately 54% of the company’s natural gas production was liquids-rich natural gas, primarily from the Eagle Ford Shale. That’s  a jump compared to the year ago quarter when Matador’s liquids-rich natural gas cut for its natural gas production was around 33%.

Matador’s Permian Assets Help Boost Company Production

Matador’s most significant oil producing assets are in the Eagle Ford Shale, but the company is also active in the Permian Basin, in West Texas and Southeastern New Mexico. During the quarter, the oil-rich Permian helped Matador achieve record oil production, representing an increase of 21% quarter-on-quarter to ~8,900 b/d.

Read more: Matador Resources Oil Production Up 76% Company-Wide Due to Eagle Ford

Matador’s CEO Joseph Foran, said, “these record production results are directly attributable not only to the continued execution of our Eagle Ford development program but also to the positive, better-than-expected results from our initial wells in thePermian Basin. Notably, these results were achieved despite having as much as 10 to 15% of our total production capacity shut in or restricted at various times during the second quarter while offsetting wells were drilled and completed and pipeline connections were being made.”

Matador Eagle Ford Position Growing Larger in 2014

Since the beginning of the year, Matador has acquired approximately 3,100 gross (2,900 net) acres in South Texas prospective for the Eagle Ford Shale in La Salle, Karnes and southern Atascosa Counties. According to company officials, the acreage has the potential to add up to 75 additional gross drilling locations to the company’s South Texas development program.

Matador Eagle Ford Q2 2014 Operations Update

Matador had two drilling rigs operating in South Texas during the second quarter of 2014. During the quarter, the company completed and began producing from nine gross (6.2 net) Eagle Ford wells, including six gross (5.4 net) operated and three gross (0.8 net) non-operated Eagle Ford wells. Matador completed three operated Eagle Ford wells on its Northcut lease and two wells on its Martin Ranch lease in La Salle County and one well on its Lyssy lease in southern Wilson County. The three non-operated wells were completed on its Troutt lease in La Salle County.

As of August 6, 2014, Matador had two drilling rigs operating in the Eagle Ford. One of the rigs is on the company’s Lyssy lease in southernWilson County and one is on its Pawelek lease in Karnes County. 

Read more at matadorresources.com

Eagle Ford Shale Rig Count Increases by Two to 266

Eagle Ford Player Baytex Energy Divests Bakken Assets After Significant South Texas Acquisition
Eagle Ford Shale Well Map

Eagle Ford Shale Well Map | Click to Enlarge

The Eagle Ford Shale rig count increased by two to 266 rigs running across our coverage area by the end of last week.

In recent news, Calgary-based Baytex Energy, a recent entrant into the Eagle Ford, announced in late June of 2014 that it’s selling its Bakken Shale assets in North Dakota to pay down a portion of its Eagle Ford debt.

In February, the company added 22,200 net contiguous acres in South Texas through its $2.8 billion acquisition of Aurora Oil & Gas, which closed in June of 2014.

Read moreBaytex Energy Tackles Eagle Ford Debt with Bakken Sale

The U.S. rig count increased by six to 1,889 rigs running by the end of last week. A total of 313 rigs were targeting natural gas (five less than the previous week) and 1,573 were targeting oil in the U.S. (11 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  904 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 (204 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 eight 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 were flat from the previous week to $3.80/mmbtu on Friday afternoon.

The oil rig count increased by three to 258 rigs running by the end of last week. WTI oil prices decreased by ~$4 from the previous week, trading at $97.60/bbl on Friday afternoon. Eagle Ford light crude traded at $94.50/bbl on July 24th.

A total of 242 rigs are drilling horizontal wells, 10 rigs are drilling directional wells, and 14 rigs are drilling vertical wells. Karnes, La Salle, and De Witt each have at minimum 30 rigs running. Karnes County has the highest rig count this week at 33. 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 - Daily or Weekly Email Alerts

Eagle Ford Shale Drilling by Count


County Previous Week Current Week County Previous Week Current Week
KARNES 30 33 FAYETTE 3 4
LA SALLE 32 31 LEE 3 3
DE WITT 33 30 LEON 2 3
WEBB 22 24 COLORADO 1 2
MCMULLEN 25 22 GRIMES 3 2
DIMMIT 20 20 ROBERTSON 1 1
MADISON 9 15 WASHINGTON 1 1
GONZALES 15 14 WILSON 1 1
ATASCOSA 15 13 AUSTIN 0 0
BRAZOS 15 13 BEE 1 0
LAVACA 10 11 DUVAL 1 0
BURLESON 4 7 GOLIAD 0 0
FRIO 2 6 MAVERICK 0 0
LIVE OAK 5 5 MILAM 0 0
ZAVALA 10 5 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.

Eagle Ford Shale Rig Count Decreases by One to 264

TPA: Pipeline Industry An Economic Boon for Texas
Pipeline Photo

Pipeline Being Laid | Click to Enlarge

The Eagle Ford Shale rig count decreased by one to 264 rigs running across our coverage area by the end of last week.

In recent news, a study commissioned by the Texas Pipeline Association (TPA), claims the state’s oil and gas pipeline industry provided $33-billion in overall economic impact, and supported more than 165,000 jobs in 2013. During the same time frame, the study says industry provided for $18.7-billion in gross state revenue, and injected $1.6-billion in state and local revenue taxes.

Read moreTPA: Pipeline Industry Has Positive Economic Impact on Texas

The U.S. rig count increased by twelve to 1,883 rigs running by the end of last week. A total of 318 rigs were targeting natural gas (three more than the previous week) and 1,562 were targeting oil in the U.S. (eight less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  886 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 (211 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 nine 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 fell from the previous week to $3.78/mmbtu on Friday afternoon.

The oil rig count stayed flat at 255 rigs running by the end of last week. WTI oil prices decreased by ~$1 from the previous week, trading at $101.99/bbl on Friday afternoon. Eagle Ford light crude traded at $98.50/bbl on July 24th.

A total of 238 rigs are drilling horizontal wells, 13 rigs are drilling directional wells, and 13 rigs are drilling vertical wells. Karnes, La Salle, and De Witt each have at minimum 30 rigs running. La Salle County has the highest rig count this week at 32. See the full list below in the Eagle Ford Shale Drilling by County below

South Texas Oil & Gas News:

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Eagle Ford Shale Drilling by Count


County Previous Week Current Week County Previous Week Current Week
DE WITT 30 33 GRIMES 3 3
LA SALLE 33 32 LEE 3 3
KARNES 31 30 FRIO 2 2
MCMULLEN 21 25 LEON 2 2
WEBB 23 22 BEE 1 1
DIMMIT 22 20 COLORADO 1 1
ATASCOSA 16 15 DUVAL 1 1
BRAZOS 15 15 ROBERTSON 1 1
GONZALES 15 15 WASHINGTON 0 1
LAVACA 10 10 WILSON 1 1
ZAVALA 9 10 AUSTIN 0 0
MADISON 9 9 GOLIAD 0 0
LIVE OAK 7 5 MAVERICK 1 0
BURLESON 5 4 MILAM 0 0
FAYETTE 3 3 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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