Are Eagle Ford Lease Terms Driving Peak Activity?

Operators are drilling faster and faster and the rig count has held above 250 rigs for over a year

Activity across the Eagle Ford has held at a fever pitch for more than a year now. Many operators have improved drilling times and scaled back the number of rigs be utilized, but they’re still drilling the same number of wells. Other operators are stepping in to pickup additional rigs and we’ve seen very little change in the rig count overall. Approximately 270 rigs have been running in the region for almost 12 months.

“You have to drill a well to hold acreage,” said Tudor, who spoke at a media tour hosted by BHP Billiton Petroleum this month. “There’s a lot of that in America.” [Read more…]

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