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:

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
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.

Eagle Ford Shale Rig Count Decreases by Six to 265

Penn Virginia Corp. Acquires Eagle Ford Acreage for $45-Million
Penn Virginia Eagle Ford Acreage Map

Penn Virginia Eagle Ford Acreage Map | Click to Enlarge

The Eagle Ford Shale rig count decreased by six to 265 rigs running across our coverage area by the end of last week.

In recent news, Penn Virginia Corp. announced in July of 2014 that it will acquire ~13,125 (11,660 net) Eagle Ford acres in Lavaca County, TX for $45-million. The transaction will bring the company’s total Eagle Ford position to 142,500 (101,800 net) acres. The newly acquired assets are located next to the company’s Shiner area. Officials estimate ~150 gross potential drilling locations from the acquired acreage, most of which will be prospective for the Upper Eagle Ford Shale.

Read more: Penn Virginia Acquires Eagle Ford Acreage – $45 Million

The U.S. rig count decreased by four to 1,871 rigs running by the end of last week. A total of 315 rigs were targeting natural gas (four more than the previous week) and 1,554 were targeting oil in the U.S. (nine 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 (212 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 10 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 $3.95/mmbtu on Friday afternoon.

The oil rig count decreased by seven to 255 rigs running by the end of last week. WTI oil prices increased by ~$2 from the previous week, trading at $102.97/bbl on Friday afternoon. Eagle Ford light crude traded at $99.75/bbl on July 18th.

A total of 240 rigs are drilling horizontal wells, 11 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. La Salle 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
LA SALLE 31 33 GRIMES 3 3
KARNES 30 31 LEE 3 3
DE WITT 29 30 FRIO 2 2
WEBB 23 23 LEON 1 2
DIMMIT 24 22 BEE 4 1
MCMULLEN 24 21 COLORADO 1 1
ATASCOSA 15 16 DUVAL 1 1
BRAZOS 15 15 MAVERICK 1 1
GONZALES 16 15 ROBERTSON 1 1
LAVACA 10 10 WILSON 1 1
MADISON 10 9 AUSTIN 0 0
ZAVALA 9 9 GOLIAD 0 0
LIVE OAK 9 7 MILAM 1 0
BURLESON 4 5 WASHINGTON 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.

Eagle Ford Shale Rig Count Decreases by One to 271

Bloomberg: Talisman - Statoil JV Sale Falls Through
Statoil and Talisman Eagle Ford Acreage Map

Statoil and Talisman Eagle Ford Acreage Map | Click to Enlarge

The Eagle Ford Shale rig count decreased by one to 271 rigs running across our coverage area by the end of last week.

In recent news, Talisman Energy Inc. and Statoil ASA have tabled plans to to sell their joint venture in the Eagle Ford Shale after offers came in lower than expected, Bloomberg reported in early July of 2014. The companies were seeking around $4-billion for a 50-50 partnership, according to Bloomberg, which cited unidentified sources knowledgeable on the matter.

Read more: Statoil – Talisman Sale of Eagle Ford JV Tabled

The U.S. rig count increased by one to 1,875 rigs running by the end of last week. A total of 311 rigs were targeting natural gas (flat from the previous week) and 1,563 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.).  898 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 (218 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 three to nine rigs running by the end of last week. Average rig counts for natural gas production in 2012 were around 82 and then dropped to around 41 in 2013. Natural gas prices fell slightly from the previous week to $4.14/mmbtu on Friday afternoon.

The oil rig count increased by one to 262 rigs running by the end of last week. WTI oil prices decreased by nearly $3 from the previous week, trading at $100.76/bbl on Friday afternoon. Eagle Ford light crude traded at $97.25/bbl on July 11th.

A total of 241 rigs are drilling horizontal wells, 11 rigs are drilling directional wells, and 19 rigs are drilling vertical wells. Karnes, La Salle, and De Witt each have at minimum 29 rigs running. La Salle County has the highest rig count this week at 31. 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
LA SALLE 31 31 FAYETTE 4 3
KARNES 30 30 GRIMES 4 3
DE WITT 31 29 LEE 4 3
DIMMIT 22 24 FRIO 3 2
MCMULLEN 21 24 COLORADO 0 1
WEBB 23 23 DUVAL 0 1
GONZALES 13 16 LEON 1 1
ATASCOSA 13 15 MAVERICK 1 1
BRAZOS 16 15 MILAM 1 1
LAVACA 10 10 ROBERTSON 1 1
MADISON 10 10 WILSON 2 1
LIVE OAK 9 9 AUSTIN 0 0
ZAVALA 9 9 GOLIAD 1 0
BEE 5 4 WASHINGTON 1 0
BURLESON 6 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 and/or Smith Service Co’s (Schlumberger) Smith Rig Count.

Eagle Ford Shale Rig Count Increases by Two to 272

Texas Reaches Oil Production Levels Not Seen Since the 70s
U.S. Oil Production

U.S. Oil Production | Click to Enlarge

The Eagle Ford Shale rig count increased by two to 272 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, The Energy Information Administration (EIA) recently released data showing the state produced just over 3 million b/d of crude oil in April of 2013, reaching production levels not seen in the state since the 70s. The rise in Texas’ oil production is thanks in large part to the tight oil and shale gas revolution in the Eagle Ford, and made possible by advancements in horizontal drilling and fracking technology.

Read more: Texas Oil Production Reaches Levels Not Seen Since the 70s

The U.S. rig count increased by one to 1,874 rigs running by the end of last week. A total of 311 rigs were targeting natural gas (three less than the previous week) and 1,562 were targeting oil in the U.S. (four more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  896 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 (213 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 12 rigs running by the end of last week. Average rig counts for natural gas production in 2012 were around 82 and then dropped to around 41 in 2013. Natural gas prices fell slightly from the previous week to $4.29/mmbtu on Friday afternoon.

The oil rig count increased by one to 260 rigs running by the end of last week. WTI oil prices decreased by ~$2 from the previous week, trading at $103.68/bbl on Friday afternoon. Eagle Ford light crude traded at $100.50/bbl on July 3rd.

A total of 241 rigs are drilling horizontal wells, 13 rigs are drilling directional wells, and 18 rigs are drilling vertical wells. Karnes, La Salle, and De Witt each have at minimum 30 rigs running. De Witt and La Salle Counties have the highest rig counts this week at 31 per county. 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
DE WITT 32 31 FAYETTE 4 4
LA SALLE 29 31 GRIMES 4 4
KARNES 30 30 LEE 4 4
WEBB 23 23 FRIO 3 3
DIMMIT 23 22 WILSON 2 2
MCMULLEN 22 21 GOLIAD 1 1
BRAZOS 13 16 LEON 1 1
ATASCOSA 13 13 MAVERICK 1 1
GONZALES 13 13 MILAM 1 1
LAVACA 9 10 ROBERTSON 1 1
MADISON 10 10 WASHINGTON 1 1
LIVE OAK 9 9 AUSTIN 0 0
ZAVALA 9 9 COLORADO 0 0
BURLESON 7 6 DUVAL 0 0
BEE 5 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 and/or Smith Service Co’s (Schlumberger) Smith Rig Count.

Eagle Ford Shale Rig Count Decreases by One to 270

Commerce Department Gives Two Eagle Ford Focused Companies Green Light to Export Minimally Processed Condensate
Pump Jack Image

Oil Well Pump Jack

The Eagle Ford Shale rig count decreased by one to 270 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, after nearly four decades, the Obama administration has opened the door for U.S. exports of unrefined American oil, according to The Wall Street Journal (WSJ). The decision was approved in a private ruling by the Commerce Department’s Bureau of Industry and Security, and will for now allow only two companies, Pioneer Natural Resources Co. and Enterprise Product Partners LP, to export Eagle Ford condensate to foreign buyers. Shipments, which are likely to be small, could begin as early as August.

Read more: Oil Exports to Foreign Buyers Begins

The U.S. rig count increased by 15 to 1,873 rigs running by the end of last week. A total of 314 rigs were targeting natural gas (three more than the previous week) and 1,545 were targeting oil in the U.S. (13 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  889 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 (214 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 11 rigs running by the end of last week. Average rig counts for natural gas production in 2012 were around 82 and then dropped to around 41 in 2013. Natural gas prices fell slightly from the previous week to $4.39/mmbtu on Friday afternoon.

The oil rig count remained flat at 259 rigs running by the end of last week. WTI oil prices decreased slightly from the previous week, trading at $105.62/bbl on Friday afternoon. Eagle Ford light crude traded at $102.25/bbl on June 26th.

A total of 239 rigs are drilling horizontal wells, 13 rigs are drilling directional wells, and 18 rigs are drilling vertical wells. Karnes, La Salle, and De Witt each have at minimum 29 rigs running. De Witt 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
DE WITT 32 32 FAYETTE 4 4
KARNES 31 30 GRIMES 4 4
LA SALLE 30 29 LEE 4 4
DIMMIT 23 23 FRIO 4 3
WEBB 23 23 WILSON 2 2
MCMULLEN 23 22 GOLIAD 1 1
ATASCOSA 13 13 LEON 3 1
BRAZOS 13 13 MAVERICK 1 1
GONZALES 12 13 MILAM 1 1
MADISON 8 10 ROBERTSON 1 1
LAVACA 9 9 WASHINGTON 1 1
LIVE OAK 9 9 AUSTIN 0 0
ZAVALA 7 9 COLORADO 0 0
BURLESON 7 7 DUVAL 0 0
BEE 5 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 and/or Smith Service Co’s (Schlumberger) Smith Rig Count.

Eagle Ford Shale Rig Count Increases by Three to 271

Six Eagle Ford Counties Rank as Top Oil Producing Areas for the U.S.
Top Oil Producing Counties in U.S.

Top Oil Producing Counties in U.S. | Click to Enlarge

The Eagle Ford Shale rig count increased by three to 271 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, according to data from consultancy DrillingInfo, half of all U.S. crude oil production comes from just 20 counties/development areas. Included in the list are six Eagle Ford counties: Karnes, LaSalle, Dewitt, Dimmit, Gonzales and McMullen. Four counties in North Dakota covering another major shale play, the Bakken Shale, were also included.

Read moreSix Eagle Ford Counties Rank as Top U.S. Oil Producing Areas

The U.S. rig count increased by four to 1,858 rigs running by the end of last week. A total of 311 rigs were targeting natural gas (one more than the previous week) and 1,545 were targeting oil in the U.S. (three more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  889 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 (215 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 82 and then dropped to around 41 in 2013. Natural gas prices fell slightly from the previous week to $4.55/mmbtu on Friday afternoon.

The oil rig count increased by four to 259 rigs running by the end of last week. WTI oil prices remained relatively flat from the previous week, trading at $107.26/bbl on Friday afternoon. Eagle Ford light crude traded at $103.00/bbl on June 19th.

A total of 240 rigs are drilling horizontal wells, 13 rigs are drilling directional wells, and 18 rigs are drilling vertical wells. Karnes, La Salle, and De Witt each have at minimum 30 rigs running. De Witt 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
DE WITT 33 32 FAYETTE 3 4
KARNES 30 31 FRIO 5 4
LA SALLE 29 30 GRIMES 4 4
DIMMIT 23 23 LEE 5 4
MCMULLEN 25 23 LEON 3 3
WEBB 23 23 WILSON 2 2
ATASCOSA 13 13 GOLIAD 1 1
BRAZOS 10 13 MAVERICK 1 1
GONZALES 13 12 MILAM 1 1
LAVACA 9 9 ROBERTSON 1 1
LIVE OAK 7 9 WASHINGTON 1 1
MADISON 9 8 AUSTIN 0 0
BURLESON 6 7 COLORADO 0 0
ZAVALA 6 7 DUVAL 2 0
BEE 3 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 and/or Smith Service Co’s (Schlumberger) Smith Rig Count.

Eagle Ford Shale Rig Count Decreases by Three to 268

U.S. Shale Plays Contribute to Highest Month for Natural Gas Production in U.S. History
EIA Dry Shale Gas Production

EIA Dry Shale Gas Production | Click to Enlarge

The Eagle Ford Shale rig count decreased by three to 268 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, natural gas production in the U.S. was the best it’s ever been in April of 2014 according to estimates from Bentek Energy, an energy market analytics company based in Denver, CO. In 2014, Bentek predicts that average U.S. production for natural gas will be 67.5 Bcf/d, due in part to a higher overall price environment for producers and continued growth in liquids-rich plays like the Eagle Ford Shale and dry gas plays like the Marcellus Shale.

Read more: Natural Gas Production Soars in U.S.

The U.S. rig count decreased by six to 1,854 rigs running by the end of last week. A total of 310 rigs were targeting natural gas (ten less than the previous week) and 1,542 were targeting oil in the U.S. (four more 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 (213 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 13 rigs running by the end of last week. Average rig counts for natural gas production in 2012 were around 82 and then dropped to around 41 in 2013. Natural gas prices stayed relatively flat from the previous week at $4.74/mmbtu on Friday afternoon.

The oil rig count decreased by one to 255 rigs running by the end of last week. WTI oil prices increased by ~$4 from the previous week, trading at $106.91/bbl on Friday afternoon. Eagle Ford light crude traded at $103.25/bbl on June 6th.

A total of 237 rigs are drilling horizontal wells, 14 rigs are drilling directional wells, and 17 rigs are drilling vertical wells. Karnes, La Salle, De Witt, and McMullen counties each have at minimum 25 rigs running. De Witt 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
DE WITT 31 33 LEE 4 5
KARNES 30 30 GRIMES 4 4
LA SALLE 27 29 BEE 3 3
MCMULLEN 24 25 FAYETTE 3 3
DIMMIT 26 23 LEON 3 3
WEBB 25 23 DUVAL 3 2
ATASCOSA 13 13 WILSON 2 2
GONZALES 13 13 GOLIAD 1 1
BRAZOS 10 10 MAVERICK 1 1
LAVACA 10 9 MILAM 0 1
MADISON 11 9 ROBERTSON 1 1
LIVE OAK 7 7 WASHINGTON 1 1
BURLESON 6 6 AUSTIN 0 0
ZAVALA 7 6 COLORADO 0 0
FRIO 5 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 and/or Smith Service Co’s (Schlumberger) Smith Rig Count.

Eagle Ford Shale Rig Count Increases by Two to 271

Consultancy Wood Mackenzie Predicts Two-Million b/d Eagle Ford Production by 2020
Eagle Ford Shale Well Map

Eagle Ford Shale Well Map – May 2013 | Click to Enlarge

The Eagle Ford Shale rig count increased by two to 271 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, the oil and gas research and consulting firm Wood Mackenzie predicts the Eagle Ford will reach two-million b/d of crude and condensate production by 2020.

 

 

 

[Read more...]

Eagle Ford Shale Rig Count Increases by Seven to 269

Sundance Energy Acquires 11,000 Net Eagle Ford Acres for $33 Million and Four Well Drilling Commitment
Sundance Energy's Eagle Ford Acreage

Sundance Energy’s Eagle Ford Acreage

The Eagle Ford Shale rig count increased by seven to 269 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, Australian-based Sundance Energy announced the acquisition of 11,000 net acres in Dimmit and Maverick counties for $33-million and a four gross Eagle Ford well drilling commitment to the seller. The deal adds 115 gross (69 net) locations to the company’s Eagle Ford drilling inventory and approximately 200 boe/d in production. Sundance now has approximately 19,500 net Eagle Ford acres covering 295 gross (196 net) drilling locations.

Read moreSundance Energy Acquires 11,000 Net Eagle Ford Acres for $33-Million

The U.S. rig count increased by nine to 1,866 rigs running by the end of last week. A total of 326 rigs were targeting natural gas (one more than the previous week) and 1,536 were targeting oil in the U.S. (eight more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  894 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 (213 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 82 and then dropped to around 41 in 2013. Natural gas prices stayed relatively flat from the previous week at $4.56/mmbtu on Friday afternoon.

The oil rig count increased by nine to 258 rigs running by the end of last week. WTI oil prices decreased by ~$2, trading at $102.79/bbl on Friday afternoon. Eagle Ford light crude traded at $100.00/bbl on May 29th.

A total of 241 rigs are drilling horizontal wells, 13 rigs are drilling directional wells, and 15 rigs are drilling vertical wells. Karnes, La Salle, De Witt, and Webb counties 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 4
DE WITT 30 29 BEE 3 3
DIMMIT 27 27 FAYETTE 3 3
LA SALLE 25 25 GRIMES 3 3
WEBB 23 25 DUVAL 2 2
MCMULLEN 23 23 LEON 2 2
ATASCOSA 14 14 WASHINGTON 2 2
MADISON 11 12 ROBERTSON 1 1
BRAZOS 7 11 WILSON 1 1
GONZALES 10 11 AUSTIN 0 0
LAVACA 10 10 COLORADO 0 0
LIVE OAK 9 9 GOLIAD 0 0
ZAVALA 9 7 MAVERICK 1 0
BURLESON 5 6 MILAM 0 0
FRIO 5 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 and/or Smith Service Co’s (Schlumberger) Smith Rig Count.

Eagle Ford Shale Rig Count Decreases by Seven to 262

Sanchez Energy Corp. Nearly Doubles Eagle Ford Acreage in $265 Million Deal with Shell
Dimmit County Eagle Ford Shale Map

Dimmit County, TX

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

In recent Eagle Ford news, Houston-based Sanchez Energy Corporation announced in May of 2014 that it has entered a deal with Royal Dutch Shell subsidiaries in the Eagle Ford to purchase 106,000 net acres for $639-million. The acquisition increases Sanchez’s total net Eagle Ford acreage to 226,000, and adds 60 MMBOE of proved reserves, nearly doubling the company’s acreage position and proved reserves in the play.

Read moreSanchez Nearly Doubles Eagle Ford Acreage in $265 Million Deal with Shell

The U.S. rig count decreased by four to 1,857 rigs running by the end of last week. A total of 325 rigs were targeting natural gas (one less than the previous week) and 1,528 were targeting oil in the U.S. (three less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  889 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 (213 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 13 rigs running by the end of last week. Average rig counts for natural gas production in 2012 were around 82 and then dropped to around 41 in 2013. Natural gas prices stayed relatively flat from the previous week at $4.40/mmbtu on Friday afternoon.

The oil rig count decreased by six to 249 rigs running by the end of last week. WTI oil prices increased by ~$2, trading at $104.37/bbl on Friday afternoon. Eagle Ford light crude traded at $100.75/bbl on May 23rd.

A total of 235 rigs are drilling horizontal wells, 12 rigs are drilling directional wells, and 15 rigs are drilling vertical wells. Karnes, La Salle, De Witt, and Webb counties each have at minimum 26 rigs running. Karnes County has the highest rig count this week at 36. 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
KARNES 36 33 BEE 3 3
DE WITT 28 30 FAYETTE 3 3
DIMMIT 24 27 GRIMES 3 3
LA SALLE 28 25 LEE 3 3
MCMULLEN 23 23 DUVAL 2 2
WEBB 26 23 LEON 3 2
ATASCOSA 16 14 WASHINGTON 2 2
MADISON 12 11 MAVERICK 1 1
GONZALES 9 10 ROBERTSON 0 1
LAVACA 10 10 WILSON 2 1
LIVE OAK 10 9 AUSTIN 0 0
ZAVALA 7 9 COLORADO 0 0
BRAZOS 7 7 GOLIAD 0 0
BURLESON 5 5 MILAM 0 0
FRIO 6 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 and/or Smith Service Co’s (Schlumberger) Smith Rig Count.

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