Eagle Ford Rig Count Decreases by Three to 232

North Texas Quakes Blamed on Drilling
Eagle Ford Rig Map August 2012

Eagle Ford Rig Map 2012 | Courtesy Baker Hughes

The Eagle Ford Shale rig count decreased by three to 232 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, the U.S Geological Society registered close to a dozen quakes in the region ranging in intensity from a 2.6-3.7 on the richter scale within a 36 hour period. Earthquakes in Texas have been on the rise in recent years, causing many to make a connection between increased seismic activity and the fracking throughout the state.

Read more: Texas Quakes Alarm Residents

The U.S. rig count decreased by 43 to 1,633 rigs running by the end of last week. A total of 316 rigs were targeting natural gas (six more than the previous week) and 1,317 were targeting oil in the U.S. (10 more than the previous week).  753 of rigs active in the U.S. were running in Texas.

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 – Every other Weekday or Weekly Email Alerts

 

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
KARNES 38 37 GOLIAD 6 6
LA SALLE 28 28 LEON 3 4
DIMMIT 25 25 FRIO 3 3
LA SALLE 34 33 BASTROP 4 3
DUVAL 28 28 LIVE OAK 2 2
DIMMIT 25 25 ATASCOSA 0 0
LAVACA 23 21 BEE 0 0
MILAM 19 19 BRAZOS 0 0
WILSON 14 15 DE WITT 0 0
AUSTIN 14 14 FAYETTE 0 0
COLORADO 12 13 GONZALES 0 0
BURLESON 10 10 KARNES 1 0
GRIMES 11 10 MCMULLEN 0 0
LEE 10 10 ROBERTSON 0 0
MAVERICK 9 9 WASHINGTON 0 0
MADISON 7 7 WEBB 0 0
ZAVALA 0 0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Eagle Ford Rig Count Decreases to 235

More declines Likely Due to Lowered Oil Prices
Eagle ford rig counts

Eagle Ford Rig Counts Down

The Eagle Ford rig count decreased by 13 this week ending at 235, adding to the sharp decline seen in the region as we lost 26 active rigs in the last four weeks.

WTI crude prices have decreased by ~$9.59 since December 19th, trading at $55.99/bbl on Monday morning. As oil prices continue to drop, reports of deeper budget cuts and layoffs are now daily news.

Related: Energy Giants Announce Layoffs

Related: Halcón Plans to Reduce Rigs for 2015

Eagle Ford and Bakken are both experiencing a decrease in rig count, but other regions are also seeing a decline.  The U.S. rig count decreased to 1,676 rigs running by the end of last week with a total of 310 rigs targeting natural gas (down 28 from December) and 1,366 targeting oil in the U.S. (down 170 since December).

Previous Wk Current Wk
KARNES 36 34
DIMMIT 30 28
DE WITT 27 25
LA SALLE 23 23
MCMULLEN 20 19
ATASCOSA 16 14
WEBB 15 14
BURLESON 13 12
GONZALES 11 11
BRAZOS 10 10
LAVACA 9 10
MADISON 9 9
LIVE OAK 6 7
FRIO 7 6
ZAVALA 5 4
FAYETTE 3 3
LEE 3 3
LEON 2 2
GRIMES 1 1

 

What is the Rig Count?

The Bakken Shale Rig Count is an index of the total number of oil & gas drilling rigs running across Montana and North Dakota. The rigs referred to in this article are for ALL drilling reported by Baker Hughes and not solely wells targeting the Bakken 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

Eagle Ford Shale Rig Count Increases by One to 261

Eagle Ford and Bakken Drilling Permits Fall by 30%
Eagle Ford Reaches One Billion Barrels

Eagle Ford Reaches One Billion Barrels

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

In recent Eagle Ford news, oil prices have plummeted 40% in the last six months, and that’s putting the kibosh on some new drilling across North American shale plays.

According to DrillingInfo.com, applications for new drilling permits in South Texas’ Eagle Ford Shale and North Dakota’s and Montana’s Bakken Shale fell approximately 30% in November of 2014 compared to the previous month. However, the Texas Railroad Commission reports a whopping 4,891 new drilling and re-enter permits in the Eagle Ford from Jan. – Oct. of this year, already surpassing the total for new drilling and re-enter permits in 2013 of 4,416.

Read more: Eagle Ford and Bakken Drilling Permits Fall 30%

The U.S. rig count decreased by 18 to 1,875 rigs running by the end of last week. A total of 338 rigs were targeting natural gas (down 8 from the previous week) and 1,536 were targeting oil in the U.S. (ten less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  868 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 (206 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 increased by two to 16 rigs running by the end of last week. Natural gas prices decreased by $.60 from the previous week at $3.14/mmbtu on Friday afternoon.

The oil rig count increased by three to 245 rigs running by the end of last week. WTI oil prices decreased by ~$200 from the previous week, trading at $55.98/bbl on Friday afternoon. Eagle Ford light crude traded at $53.00/bbl on December 19th.

A total of 247 rigs are drilling horizontal wells, six rigs are drilling directional wells, and eight rigs are drilling vertical wells. Karnes, Dimmit, and DeWitt each have at minimum 27 rigs running. Dimmit 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:

Be sure to visit our South Texas Oilfield Job Listings to search openings and come back weekly for updates or sign up for alerts – Every other Weekday or Weekly Email Alerts

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
DIMMIT 35 36 FAYETTE 3 3
KARNES 33 36 LEE 3 3
DE WITT 27 27 LEON 3 3
MCMULLEN 23 23 AUSTIN 2 2
LA SALLE 22 22 MAVERICK 2 2
WEBB 15 15 COLORADO 1 1
ATASCOSA 14 14 BEE 1 0
BRAZOS 12 12 DUVAL 1 0
BURLESON 11 12 GOLIAD 0 0
GONZALES 12 11 GRIMES 0 0
MADISON 11 10 MILAM 0 0
LAVACA 9 9 ROBERTSON 0 0
FRIO 7 7 WASHINGTON 0 0
LIVE OAK 7 7 WILSON 0 0
ZAVALA 6 6 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

Eagle Ford Reaches 1-Billion Barrels Cumulative Liquids Production
Eagle Ford Reaches One Billion Barrels

Eagle Ford Reaches One Billion Barrels

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 Eagle Ford news, amidst falling crude prices and dire predictions about the future of the industry, Wood Mackenzie announced that Eagle Ford reached an impressive milestone in November as production topped one billion barrels. Over the past two years, production in the Eagle Ford play has exploded and elevated the area as a major force in the world energy market.

Read more: Eagle Ford Reaches One Billion Barrels of Crude

The U.S. rig count decreased by 27 to 1,893 rigs running by the end of last week. A total of 346 rigs were targeting natural gas (up 2 from the previous week) and 1,546 were targeting oil in the U.S. (29 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  872 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 stayed flat at 18 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 flat from the previous week at $3.74/mmbtu on Friday afternoon.

The oil rig count decreased by one to 242 rigs running by the end of last week. WTI oil prices decreased by ~$6.00 from the previous week, trading at $57.99/bbl on Friday afternoon. Eagle Ford light crude traded at $56.50/bbl on December 12th.

A total of 244 rigs are drilling horizontal wells, six rigs are drilling directional wells, and 10 rigs are drilling vertical wells. Karnes, Dimmit, and DeWitt each have at minimum 27 rigs running. Dimmit County has the highest rig count this week at 35. 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 – Every other Weekday or Weekly Email Alerts

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
DIMMIT 35 35 FAYETTE 3 3
KARNES 35 33 LEE 3 3
DE WITT 27 27 LEON 3 3
MCMULLEN 21 23 AUSTIN 2 2
LA SALLE 24 22 MAVERICK 2 2
WEBB 15 15 BEE 1 1
ATASCOSA 15 14 COLORADO 2 1
BRAZOS 11 12 DUVAL 1 1
GONZALES 12 12 GOLIAD 0 0
BURLESON 12 11 GRIMES 0 0
MADISON 9 11 MILAM 0 0
LAVACA 9 9 ROBERTSON 0 0
FRIO 7 7 WASHINGTON 0 0
LIVE OAK 7 7 WILSON 0 0
ZAVALA 5 6 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 Seven to 261

EIA: Texas is the Largest Producer of Shale Natural Gas
Gross Withdrawls from Shale Gas Wells

Gross Withdrawls from Shale Gas Wells|Click to Enlarge

The Eagle Ford Shale rig count stayed flat at 261 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, Texas is the largest producer of shale natural gas, according to a report from the Energy Information Administration (EIA). From 2007 to 2013, shale gas production in Texas increased from 3 bcf/d to 11 bcf/d, with the majority of the shale gas produced coming from the Barnett, Eagle Ford, and Haynesville Shale formations.

Read more: EIA: Texas is Largest Producer of Shale Natural Gas

The U.S. rig count decreased by 3 to 1,920 rigs running by the end of last week. A total of 344 rigs were targeting natural gas (flat from the previous week) and 1,575 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.).  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 (206 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 increased by two to 18 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 by ~$.30 from the previous week at $3.70/mmbtu on Friday afternoon.

The oil rig count decreased by nine to 243 rigs running by the end of last week. WTI oil prices increased by ~$3.00 from the previous week, trading at $64.33/bbl on Monday morning. Eagle Ford light crude traded at $62.65/bbl on December 5th.

A total of 245 rigs are drilling horizontal wells, six rigs are drilling directional wells, and 10 rigs are drilling vertical wells. Karnes, Dimmit, and DeWitt each have at minimum 27 rigs running. Dimmit County has the highest rig count this week at 35. 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 – Every other Weekday or Weekly Email Alerts

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
DIMMIT 37 35 FAYETTE 3 3
KARNES 36 35 LEE 2 3
DE WITT 27 27 LEON 3 3
LA SALLE 24 24 AUSTIN 2 2
MCMULLEN 20 21 COLORADO 3 2
ATASCOSA 13 15 MAVERICK 2 2
WEBB 16 15 BEE 1 1
BURLESON 12 12 DUVAL 1 1
GONZALES 13 12 GOLIAD 0 0
BRAZOS 11 11 GRIMES 0 0
LAVACA 11 9 MILAM 0 0
MADISON 11 9 ROBERTSON 0 0
FRIO 10 7 WASHINGTON 0 0
LIVE OAK 6 7 WILSON 0 0
ZAVALA 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 Stays Flat at 268

IHS: Shale Growth Still Strong, Despite Dip in Oil Prices
Pump Jack Image

Oil Well Pump Jack

The Eagle Ford Shale rig count stayed flat at 268 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, research consultancy IHS Energy reports most shale plays are economic and ~80% of potential drilling in 2015 would remain strong at WTI crude oil prices as low as $70 per barrel.

Now that oil has fallen below $70, it’s likely some operators will decided to cut back their drilling programs for 2015. However, in the vast majority of the Eagle Ford’s liquids-rich areas, break-even oil prices are between $50 – $60 per barrel.

In the Karnes Trough, one of the best areas of the play, analysts predict it would be profitable, even if the price of oil fell into the $40s range.

Read more: IHS: U.S. Shale Growth Still Strong, Despite Lower Oil Prices

The U.S. rig count increased by decreased by 12 to 1,917 rigs running by the end of last week. A total of 344 rigs were targeting natural gas (11 less than the previous week) and 1,572 were targeting oil in the U.S. (two less 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 (209 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 stayed flat at 16 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 flat from the previous week at $4.02/mmbtu on Friday afternoon.

The oil rig count stayed flat at 252 rigs running by the end of last week. WTI oil prices increased by nearly $10.00 from the previous week, trading at $67.48/bbl on Monday morning. Eagle Ford light crude traded at $62.50/bbl on November 28th.

A total of 251 rigs are drilling horizontal wells, seven rigs are drilling directional wells, and 10 rigs are drilling vertical wells. Karnes, Dimmit, and DeWitt each have at minimum 27 rigs running. Dimmit County has the highest rig count this week at 37. 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 – Every other Weekday or Weekly Email Alerts

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
DIMMIT 37 37 COLORADO 3 3
KARNES 36 36 FAYETTE 3 3
DE WITT 27 27 LEON 3 3
LA SALLE 24 24 AUSTIN 2 2
MCMULLEN 20 20 LEE 2 2
WEBB 16 16 MAVERICK 2 2
ATASCOSA 13 13 BEE 1 1
GONZALES 13 13 DUVAL 1 1
BURLESON 12 12 GOLIAD 0 0
BRAZOS 11 11 GRIMES 0 0
LAVACA 11 11 MILAM 0 0
MADISON 11 11 ROBERTSON 0 0
FRIO 10 10 WASHINGTON 0 0
LIVE OAK 6 6 WILSON 0 0
ZAVALA 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 Increases by Three to 268

JPMorgan Settles Eagle Ford Mineral Rights Owners Lawsuit
McMullen County Eagle Ford Shale Map

McMullen County, TX

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

In recent Eagle Ford news, JPMorgan Chase & Co. settled a lawsuit by a group of Texas mineral rights owners in the Eagle Ford Shale.

The lawsuit alleged JP Morgan, as trustee of the South Texas Syndicate (STS) Trust, cheated beneficiaries out of millions of dollars through its’ mis-management of the trust’s oil & gas interests.

Read more: JPMorgan Settles Eagle Ford Shale Case

The U.S. rig count increased by one to 1,929 rigs running by the end of last week. A total of 355 rigs were targeting natural gas (five more than the previous week) and 1,574 were targeting oil in the U.S. (four less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  906 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 (209 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 16 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 flat from the previous week at $4.05/mmbtu on Friday afternoon.

The oil rig count increased by four to 252 rigs running by the end of last week. WTI oil prices increased by ~$.40 from the previous week, trading at $76.35/bbl on Friday afternoon. Eagle Ford light crude traded at $73.00/bbl on November 21st.

A total of 251 rigs are drilling horizontal wells, seven rigs are drilling directional wells, and 10 rigs are drilling vertical wells. Karnes, Dimmit, and DeWitt each have at minimum 27 rigs running. Dimmit County has the highest rig count this week at 37. 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 – Every other Weekday or Weekly Email Alerts

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
DIMMIT 37 37 COLORADO 2 3
KARNES 33 36 FAYETTE 3 3
DE WITT 27 27 LEON 3 3
LA SALLE 26 24 AUSTIN 0 2
MCMULLEN 19 20 LEE 3 2
WEBB 16 16 MAVERICK 2 2
ATASCOSA 13 13 BEE 1 1
GONZALES 13 13 DUVAL 1 1
BURLESON 11 12 GOLIAD 0 0
BRAZOS 11 11 GRIMES 0 0
LAVACA 12 11 MILAM 0 0
MADISON 11 11 ROBERTSON 0 0
FRIO 8 10 WASHINGTON 0 0
LIVE OAK 8 6 WILSON 1 0
ZAVALA 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 Seven to 265

Anadarko Enters Eaglebine JV with KKR & Co. - $442-Million
Anadarko Eaglebine Acreage

Anadarko Eaglebine Acreage|Click to Enlarge

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

In recent Eagle Ford news, Woodlands, TX-based Anadarko Corp. entered into a joint venture (JV) with private equity firm KKR & Co. to develop a portion of Anadarko’s East Texas/Eaglebine acreage.

Under the terms of the deal, KKR agreed to carry $442-million of Anadarko’s future capital expenditures in Brazos, Burleson, and Robertson Counties, situated northwest of Houston, TX.

Read more: Anadarko Enters Eaglebine Joint Venture with KKR & Co. – $442-Million

The U.S. rig count increased by three to 1,928 rigs running by the end of last week. A total of 350 rigs were targeting natural gas (six less than the previous week) and 1,578 were targeting oil in the U.S. (10 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  902 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 (208 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 17 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 dropped by $.40 from the previous week to $4.06/mmbtu on Friday afternoon.

The oil rig count decreased by four to 248 rigs running by the end of last week. WTI oil prices decreased by ~$3 from the previous week, trading at $75.97/bbl on Friday afternoon. Eagle Ford light crude traded at $72.75/bbl on Nov. 14th.

A total of 248 rigs are drilling horizontal wells, 9 rigs are drilling directional wells, and 8 rigs are drilling vertical wells. Karnes, La Salle, Dimmit, and DeWitt each have at minimum 26 rigs running. Dimmit County has the highest rig count this week at 37. 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 – Every other Weekday or Weekly Email Alerts

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
DIMMIT 39 37 FAYETTE 4 3
KARNES 33 33 LEE 4 3
DE WITT 28 27 LEON 3 3
LA SALLE 25 26 COLORADO 1 2
MCMULLEN 20 19 MAVERICK 2 2
WEBB 16 16 BEE 1 1
ATASCOSA 12 13 DUVAL 1 1
GONZALES 16 13 WILSON 1 1
LAVACA 9 12 AUSTIN 0 0
BRAZOS 14 11 GOLIAD 0 0
BURLESON 10 11 GRIMES 1 0
MADISON 12 11 MILAM 0 0
FRIO 7 8 ROBERTSON 0 0
LIVE OAK 8 8 WASHINGTON 1 0
ZAVALA 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 Four to 276

Lower Crude Oil Prices Will Slow Down Development In Some Areas of the Play
Eagle Ford Shale Well Map

Eagle Ford Shale Well Map | Click to Enlarge

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

In recent Eagle Ford news, lower commodities prices for crude oil aren’t likely to stop new drilling in the Eagle Ford. With breakeven oil prices between $50 – $60 per barrel, in certain liquids-rich areas of the play, operators will continue to drill, even if prices inch closer to this range.

Should prices drop to $70 per barrel, experts believe the Eagle Ford will likely experience a slowdown, but not an all out bust. And some producers will fare better than others, depending on their position.

Read moreWorried About Oil Prices? Here’s What to Expect in the Eagle Ford

The U.S. rig count decreased by four to 1,925 rigs running by the end of last week. A total of 356 rigs were targeting natural gas (ten more than the previous week) and 1,568 were targeting oil in the U.S. (14 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  906 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 three to 20 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 rose by $.58 from the previous week to $4.46/mmbtu on Friday afternoon.

The oil rig count decreased by seven to 252 rigs running by the end of last week. WTI oil prices decreased by ~$1.50 from the previous week, trading at $78.95/bbl on Friday afternoon. Eagle Ford light crude traded at $74.25/bbl on Nov. 6th.

A total of 252 rigs are drilling horizontal wells, 13 rigs are drilling directional wells, and 7 rigs are drilling vertical wells. Karnes, La Salle, Dimmit, and DeWitt each have at minimum 25 rigs running. Dimmit County has the highest rig count this week at 39. 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 – Every other Weekday or Weekly Email Alerts

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
DIMMIT 37 39 LEE 4 4
KARNES 35 33 ZAVALA 4 4
DE WITT 23 28 LEON 3 3
LA SALLE 27 25 MAVERICK 3 2
MCMULLEN 23 20 BEE 1 1
GONZALES 17 16 COLORADO 1 1
WEBB 17 16 DUVAL 0 1
BRAZOS 13 14 GRIMES 1 1
ATASCOSA 15 12 WASHINGTON 1 1
MADISON 12 12 WILSON 1 1
BURLESON 10 10 AUSTIN 0 0
LAVACA 9 9 GOLIAD 0 0
LIVE OAK 7 8 MILAM 0 0
FRIO 8 7 ROBERTSON 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 Increases by 1 to 276

Carrizo Oil & Gas Acquires 6,820 Net Eagle Ford Acres for $250-Million
Carrizo Eagle Ford Acreage Map

Carrizo Eagle Ford Acreage Map|Click to Enlarge

The Eagle Ford Shale rig count increased by one to 276 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, Houston-based Carrizo Oil & Gas, Inc., has closed its $250-million Eagle Ford acquisition of 6,820 net Eagle Ford acres from Eagle Ford Minerals, LLC, for $250-million. The deal represents a ~25% working interest in the acquired properties, where Carrizo was already the operator. At closing, Carrizo assumed 100% of the working interest in the assets.

Read more: Carrizo Acquires Eagle Ford Working Interest 

The U.S. rig count increased by two to 1,929 rigs running by the end of last week. A total of 346 rigs were targeting natural gas (fourteen more than the previous week) and 1,582 were targeting oil in the U.S. (13 less 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 (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 increased by one to 17 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 $.27 from the previous week to $3.88/mmbtu on Friday afternoon.

The oil rig count stayed flat at 259 rigs running by the end of last week. WTI oil prices decreased by ~$.60 from the previous week, trading at $80.58/bbl on Friday afternoon. Eagle Ford light crude traded at $77.50/bbl on Oct. 30th.

A total of 251 rigs are drilling horizontal wells, 15 rigs are drilling directional wells, and 10 rigs are drilling vertical wells. Karnes, La Salle, Dimmit, and McMullen each have at minimum 27 rigs running. Dimmit County has the highest rig count this week at 37. 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
DIMMIT 36 37 LEE 4 4
KARNES 37 35 ZAVALA 3 4
LA SALLE 26 27 LEON 3 3
DE WITT 21 23 MAVERICK 2 3
MCMULLEN 25 23 BEE 1 1
GONZALES 17 17 COLORADO 1 1
WEBB 17 17 GRIMES 1 1
ATASCOSA 14 15 WASHINGTON 1 1
BRAZOS 13 13 WILSON 1 1
MADISON 13 12 AUSTIN 0 0
BURLESON 9 10 DUVAL 0 0
LAVACA 10 9 GOLIAD 0 0
FRIO 9 8 MILAM 0 0
LIVE OAK 7 7 ROBERTSON 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.

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