Eagle Ford Rig Count Down 10

Mineral Owners Face Time Limit to Dispute Payments
Mineral Owners May be Losing Money

Mineral Owners May be Losing Money

The Eagle Ford Shale rig count decreased by 10 to 153 rigs running across our coverage by midday Friday.

In recent Eagle Ford news, mineral owners are finding they must be extra vigilant to make sure their interests are protected. A four year statute of limitations to correct royalty payment errors has many mineral owners scrambling to make sure they are being treated fairly. 

Read more: Mineral Owners Race the Clock in Texas

The U.S. rig count fell another 56 to 1069 rigs running as of today. A total of 242 rigs were targeting natural gas (down 15 from the previous week) and 825 were targeting oil in the U.S. (41 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)  465 of the rigs active in the U.S. were running in Texas.

Baker Hughes reports its own Eagle Ford Rig Count that covers the 14 core counties. 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

Natural gas rigs declined by one to 16 rigs by midday Friday. Natural gas prices increased $.06 from the previous week at $2.79/mmbtu on Friday afternoon.

The oil rig count declined by 15 to 137 rigs running by midday. WTI oil prices increased $.91 from the previous week, trading at $45.72/bbl on Friday afternoon and EF light ended up $1.00 at $42.25. A total of 145 rigs are drilling horizontal wells, two rigs are drilling directional wells, and vertical rigs were at six.  Karnes (26), LaSalle, DeWitt (21), and Webb (19) have the highest rig counts this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
KARNES 29 26 FAYETTE 0 1
DE WITT 19 21 LEON 2 1
WEBB 19 19 MAVERICK 1 1
LA SALLE 20 17 ROBERTSON 1 1
DIMMIT 15 15 WILSON 1 1
MCMULLEN 15 12 BASTROP 0 0
GONZALES 10 10 AUSTIN 0 0
LAVACA 7 7 BEE 0 0
LIVE OAK 8 7 COLORADO 1 0
ATASCOSA 3 3 GOLIAD 0 0
BURLESON 3 3 GRIMES 0 0
FRIO 3 3 LEE 0 0
ZAVALA 3 3 MADISON 1 0
BRAZOS 1 1 MILAM 0 0
DUVAL 1 1 WASHINGTON 0 0


Eagle Ford Shale News

Halcón Announces 2014 Earnings

Chesapeake Lawsuit Adds to Legal Trouble

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.

Read more at bakerhughes.com

 

Eagle Ford Rig Count Falls to 163

Texas Economy is Predicted to Remain Healthy
EFS Rigs Decrease

EFS Rigs Decrease

The Eagle Ford Shale rig count decreased by 11 to 163 rigs running across our coverage by midday Friday.

In recent Eagle Ford news, it is predicted that several states will face a serious economic fallout from the drastic drop in prices. As the largest oil producing state in the country, Texas surely will feel the effects. But, exactly how are low oil prices affecting the Texas economy? As it turns out, Texas may not be as vulnerable as first imagined.

Read more: Low Oil Prices and the Texas Economy

The U.S. rig count fell another 72 to 1192 rigs running as of today. A total of 268 rigs were targeting natural gas (down 12 from the previous week) and 922 were targeting oil in the U.S. (64 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.). 501 of the rigs active in the U.S. were running in Texas.

Baker Hughes reports its own Eagle Ford Rig Count that covers the 14 core counties. 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

Natural gas rigs declined by one to 21 rigs by midday Friday. Natural gas prices decreased by $.09 from the previous week at $2.72/mmbtu on Friday afternoon.

The oil rig count declined by 11 to 163 rigs running by midday. WTI oil prices decreased by $4.37 from the previous week, trading at $44.81/bbl on Friday afternoon and EF light ended at $41.25. A total of 152 rigs are drilling horizontal wells, two rigs are drilling directional wells, and vertical rigs lost were at 9.  Karnes (29), LaSalle (20), DeWitt (19), and Webb (19) have the highest rig counts this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
KARNES 31 29 COLORADO 1 1
LA SALLE 18 20 DUVAL 1 1
DE WITT 19 19 MADISON 2 1
WEBB 18 19 MAVERICK 0 1
DIMMIT 18 15 ROBERTSON 1 1
MCMULLEN 16 15 WILSON 1 1
GONZALES 11 10 AUSTIN 0 0
LIVE OAK 7 8 BEE 0 0
LAVACA 8 7 FAYETTE 1 0
ATASCOSA 5 3 GOLIAD 0 0
BURLESON 6 3 GRIMES 1 0
FRIO 2 3 LEE 0 0
ZAVALA 3 3 MILAM 0 0
LEON 2 2 WASHINGTON 0 0
BRAZOS 2 1 BASTROP 0 0

Eagle Ford Shale News

Eagle Ford Production Expected to Decline

Sanchez Energy CFO Steps Down

Abraxas Reports Best Year on Record

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.

For more information visit bakerhughes.com

 

Eagle Ford Rig Count Falls to 174

Swift Energy Cuts 2015 Spending 70%
Swift Energy in Eagle Ford

Swift Energy in the Eagle Ford

The Eagle Ford Shale rig count decreased by 14 to 174 rigs running across our coverage by midday Friday.

In recent Eagle Ford news, Swift Energy reported a net loss for the fourth quarter of 2014 of $10.9 million, compared to a net income of $4.7 million in the same quarter in 2013. The company anticipates it will slash 2015 spending by an astonishing 70%.

Read more: Swift Energy Plans Massive Cuts 

The U.S. rig count fell another 72 to 1192 rigs running as of today. A total of 268 rigs were targeting natural gas (down 12 from the previous week) and 922 were targeting oil in the U.S. (64 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.). 538 of the rigs active in the U.S. were running in Texas.

Baker Hughes reports its own Eagle Ford Rig Count that covers the 14 core counties. 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

Natural gas rigs declined to 22 rigs by midday. Natural gas prices decreased by $.12 from the previous week at $2.82/mmbtu on Friday afternoon.

The oil rig count declined by 14 to 172 rigs running by midday. WTI oil prices decreased by $1.32 from the previous week, trading at $49.18/bbl on Friday afternoon.  A total of 160 rigs are drilling horizontal wells, three rigs are drilling directional wells, and vertical rigs lost one for a total of 11.  Karnes (31), DeWitt (19), and Dimmit (18) have the highest rig counts this week. See the full list below in the Eagle Ford Shale Drilling by County below. 

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
KARNES 28 31 MADISON 6 2
DE WITT 22 19 COLORADO 0 1
DIMMIT 21 18 DUVAL 2 1
LA SALLE 22 18 FAYETTE 1 1
WEBB 17 18 GRIMES 1 1
MCMULLEN 19 16 ROBERTSON 1 1
GONZALES 10 11 WILSON 1 1
LAVACA 10 8 AUSTIN 0 0
LIVE OAK 6 7 BEE 0 0
BURLESON 6 6 GOLIAD 0 0
ATASCOSA 6 5 LEE 0 0
ZAVALA 2 3 MAVERICK 0 0
BRAZOS 2 2 MILAM 0 0
FRIO 3 2 WASHINGTON 0 0
LEON 2 2 BASTROP 0 0

Eagle Ford Shale News

Sanchez Energy Ends Year Strong

Shopping for Good Deals at NAPE

Marathon Oil Reduces Budget Again

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 Rig Count Continues Decline

Devon Energy Reports Outstanding 2014
Eagle Ford Rig Count

Eagle Ford Rig Count Down to 188

The Eagle Ford Shale rig count decreased by four to 188 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, Devon Energy announced it finished an outstanding year as it rebounded from a $20 million net loss in 2013 to end 2014 with net earnings of $1.6 billion. The company’s Q4 total production rose 20% to 239,000 barrels per day, which represents a 48% increase from 2013.

Read more: Devon Energy Reports Exceptional Q4

The U.S. rig count fell another 43 to 1267 rigs running by the end of last week. A total of 280 rigs were targeting natural gas (down nine from the previous week) and 986 were targeting oil in the U.S. (33 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc). 570 of the rigs active in the U.S. were running in Texas.

Baker Hughes reports its own Eagle Ford Rig Count that covers the 14 core counties (181 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

Natural gas increased to 24 rigs running by the end of yesterday. Natural gas prices decreased by $.22 from the previous week at $2.72/mmbtu on Friday afternoon.

The oil rig count decreased by four to 188 rigs running by the end of last week. WTI oil prices decreased by $1.66 from the previous week, trading at $48.84/bbl on Friday afternoon.  A total of 173 rigs are drilling horizontal wells, three rigs are drilling directional wells, and vertical rigs remained at 12 total.  Karnes (28), Dimmit (22), and DeWitt (22) have the highest rig counts this week. See the full list below in the Eagle Ford Shale Drilling by County below

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
KARNES 28 28 LEON 2 2
DE WITT 23 22 ZAVALA 2 2
LA SALLE 19 22 FAYETTE 1 1
DIMMIT 24 21 GRIMES 1 1
MCMULLEN 17 19 ROBERTSON 1 1
WEBB 17 17 WILSON 2 1
GONZALES 11 10 AUSTIN 0 0
LAVACA 10 10 BEE 0 0
ATASCOSA 6 6 COLORADO 0 0
BURLESON 6 6 GOLIAD 0 0
LIVE OAK 7 6 LEE 0 0
MADISON 6 6 MAVERICK 0 0
FRIO 4 3 MILAM 0 0
BRAZOS 3 2 WASHINGTON 0 0
DUVAL 2 2 BASTROP 0 0

Eagle Ford Shale News

EOG Reduces Eagle Ford Wells for 2015

Rosetta Resources Sets Two Year Plan

Bradleys, Inc. Earns Prestigious TECO-Westinghouse Blue Diamond Award

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.

Read more at bakerhughes.com

photo credit: Tim Evanston (CC)

Eagle Ford Rig Count Falls to 192

Chesapeake Alleges Former CEO Stole Trade Secrets
Eagle ford rig counts

Eagle Ford Rig Counts Down

The Eagle Ford Shale rig count decreased by four to 192 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, Chesapeake Energy filed a lawsuit against American Energy Partners. The suit alleges former CEO Aubrey McClendon stole confidential documents including maps of oil and gas prospects before leaving the company in 2013.

Read more: Chesapeake Sues American Energy Partners

The U.S. rig count fell another 48 to 1310 rigs running by the end of last week. A total of 289 rigs were targeting natural gas (down 11 from the previous week) and 1019 were targeting oil in the U.S. (37 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 576 of the rigs active in the U.S. were running in Texas.

Baker Hughes reports its own Eagle Ford Rig Count that covers the 14 core counties (181 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

Natural gas remained flat at 22 rigs running by the end of yesterday. Natural gas prices increased by $.14 from the previous week at $2.94/mmbtu on Friday afternoon.

The oil rig count decreased by four to 192 rigs running by the end of last week. WTI oil prices decreased by $2.14 from the previous week, trading at $50.50/bbl on Friday morning. A total of 177 rigs are drilling horizontal wells, three rigs are drilling directional wells, and vertical rigs increased by three to 12 total.  Karnes (28), Dimmit (24), and DeWitt (23) have the highest rig counts this week. See the full list below in the Eagle Ford Shale Drilling by County below

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
KARNES 31 28 LEON 2 2
DIMMIT 25 24 WILSON 1 2
DE WITT 23 23 ZAVALA 2 2
LA SALLE 18 19 FAYETTE 2 1
MCMULLEN 21 17 GRIMES 0 1
WEBB 17 17 ROBERTSON 0 1
GONZALES 11 11 AUSTIN 0 0
LAVACA 10 10 BEE 0 0
LIVE OAK 5 7 COLORADO 0 0
ATASCOSA 6 6 GOLIAD 0 0
BURLESON 7 6 LEE 0 0
MADISON 7 6 MAVERICK 0 0
FRIO 4 4 MILAM 0 0
BRAZOS 4 3 WASHINGTON 0 0
DUVAL 0 2 BASTROP 0 0

Eagle Ford Shale News

Apache Corp Reports Q4 Losses

Repsol to Aquire Talisman Energy

NAPE Energy Summit 2015

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.

Read more at bakerhughes.com

 

Eagle Ford Shale Rigs Down to 196

ConocoPhillips to Cut 2015 Spending for EFS
ConocoPhillips Revises 2015 Capex

ConocoPhillips Revises 2015 Capex

The Eagle Ford Shale rig count decreased by five to 196 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, ConocoPhillips announced fourth quarter results for the 2014 and updated its capex plans for the coming year. Though production is expected to remain high, 2015 projections include a cut in spending for the Eagle Ford.

Read more: ConocoPhillips Reports Q4 Losses

The U.S. rig count fell another 98 to 1358 rigs running by the end of last week. A total of 300 rigs were targeting natural gas (down 14 from the previous week) and 1056 were targeting oil in the U.S. (84 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.). 598 of the rigs active in the U.S. were running in Texas.

Baker Hughes reports its own Eagle Ford Rig Count that covers the 14 core counties (181 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

Natural gas increased by three to 22 rigs running by the end of last week. Natural gas prices increased by $.22 from the previous week at $2.80/mmbtu on Friday afternoon.

The oil rig count decreased by five to 196 rigs running by the end of last week. WTI oil prices increased by $.95 from the previous week, trading at $52.64/bbl on Friday afternoon. A total of 185 rigs are drilling horizontal wells, two rigs are drilling directional wells, and nine rigs are drilling vertical wells. Karnes (31), Dimmit (25), and DeWitt (23) have the highest rig counts this week. See the full list below in the Eagle Ford Shale Drilling by County below

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
KARNES 31 31 LEON 1 2
DIMMIT 26 25 ZAVALA 2 2
DE WITT 23 23 WILSON 1 1
MCMULLEN 21 21 AUSTIN 0 0
LA SALLE 18 18 BEE 0 0
WEBB 17 17 COLORADO 0 0
GONZALES 12 11 DUVAL 0 0
LAVACA 10 10 GOLIAD 0 0
BURLESON 7 7 GRIMES 1 0
MADISON 9 7 LEE 0 0
ATASCOSA 9 6 MAVERICK 0 0
LIVE OAK 2 5 MILAM 0 0
BRAZOS 3 4 ROBERTSON 0 0
FRIO 6 4 WASHINGTON 0 0
FAYETTE 2 2 BASTROP 0 0

Eagle Ford Shale News

Pioneer Resources Reveals Q4 & 2015 Capex

Comstock Resources Q4 Report

ConocoPhillips Reports Q4 Losses

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.

Rad full report at bakerhughes.com

Eagle Ford Rig Count Down by 10 to 201

Crude Prices Up For Second Week in a Row
Eagle ford rig counts

Eagle Ford Rig Counts Down

The Eagle Ford Shale rig count decreased by 10 to 201 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, troubled Lucas Energy sets its eyes on a merger. Just days after revealing it had defaulted on a massive $7.7 million dollar debt,  the company executed a letter of intent for a proposed business combination with Victory Energy Corporation. This is the preliminary step to an official merger agreement that allows the companies to negotiate exclusively. Part of the agreement will be to provide for the capital necessary for Lucas to satisfy its obligations for its Eagle Ford wells, accounts payable and necessary working capital.

Read more: Lucas Energy to Join with Victory

The U.S. rig count fell another 87 to 1456  rigs running by the end of last week. A total of 314 rigs were targeting natural gas (down 2 from the previous week) and 1,317 1140 were targeting oil in the U.S. (177 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  654 of the rigs active in the U.S. were running in Texas.

Baker Hughes reports its own Eagle Ford Rig Count that covers the 14 core counties (181 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

Natural gas increased by one to 19 rigs running by the end of last week. Natural gas prices decreased by $.11 from the previous week at $2.58/mmbtu on Friday afternoon.

The oil rig count decreased by 10 to 21 rigs running by the end of last week. WTI oil prices increased by $3.45 from the previous week, trading at $51.69/bbl on Friday afternoon. A total of 189 rigs are drilling horizontal wells, three rigs are drilling directional wells, and nine rigs are drilling vertical wells. Karnes (31), Dimmit (26), and DeWitt (23) have the highest rig counts this week. See the full list below in the Eagle Ford Shale Drilling by County below

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
KARNES 33 31 ZAVALA 2 2
DIMMIT 28 26 GRIMES 1 1
DE WITT 25 23 LEON 1 1
MCMULLEN 21 21 WILSON 0 1
LA SALLE 19 18 AUSTIN 0 0
WEBB 17 17 BEE 0 0
GONZALES 12 12 COLORADO 0 0
LAVACA 9 10 DUVAL 0 0
ATASCOSA 10 9 GOLIAD 0 0
MADISON 9 9 LEE 0 0
BURLESON 7 7 MAVERICK 0 0
FRIO 6 6 MILAM 0 0
BRAZOS 4 3 ROBERTSON 0 0
FAYETTE 2 2 WASHINGTON 0 0
LIVE OAK 5 2 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.

Read more at bakerhughes.com

Eagle Ford Rig Count Down by 21

Rigs Continue to Decrease as Crude Inches Upward
EFS Rigs Decrease

EFS Rigs Decrease

The Eagle Ford Shale rig count decreased by 21 to 211 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, the U.S. Energy Information Administration (EIA) has released new maps that include updated information for Eagle Ford derived from producing wells from January 2000- June 2014. These maps are categorized based on Gas-to-oil ratio, elevation contours, footprint and thickness contours.

Read more: EIA Updates Eagle Ford Maps

The U.S. rig count fell by 90 to 1543 rigs running by the end of last week. A total of 316 rigs were targeting natural gas (up 6 from the previous week) and 1,317 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.).  753 of the rigs active in the U.S. were running in Texas.

Baker Hughes reports its own Eagle Ford Rig Count that covers the 14 core counties. 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 rigs increased by four to 18 rigs running by the end of last week. Natural gas prices decreased by $.20 from the previous week at $2.69/mmbtu on Friday afternoon.

The oil rig count decreased by 21 to 211 rigs running by the end of last week. WTI oil prices increased by $3.10 from the previous week, trading at $48.24/bbl on Friday afternoon. A total of 200 rigs are drilling horizontal wells, three rigs are drilling directional wells, and eight rigs are drilling vertical wells. Karnes (33), Dimmit (28), and DeWitt (25) have the highest rig counts this week. See the full list below in the Eagle Ford Shale Drilling by County below

Eagle Ford Shale Drilling by Count

County Previous Week Current Week County Previous Week Current Week
KARNES 33 33 ZAVALA 3 2
DIMMIT 28 28 GRIMES 0 1
DE WITT 25 25 LEON 2 1
MCMULLEN 19 21 AUSTIN 0 0
LA SALLE 21 19 BEE 0 0
WEBB 15 17 COLORADO 0 0
GONZALES 10 12 DUVAL 0 0
ATASCOSA 14 10 GOLIAD 0 0
LAVACA 10 9 LEE 4 0
MADISON 9 9 MAVERICK 0 0
BURLESON 13 7 MILAM 0 0
FRIO 6 6 ROBERTSON 0 0
LIVE OAK 7 5 WASHINGTON 0 0
BRAZOS 10 4 WILSON 0 0
FAYETTE 3 2 BASTROP 0 0

What is 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

Read full report at bakerhughes.com

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

Previous Wk Current Wk
KARNES 34 33
DIMMIT 28 28
DE WITT 25 25
LA SALLE 23 21
MCMULLEN 19 19
WEBB 14 15
ATASCOSA 14 14
BURLESON 12 13
BRAZOS 10 10
GONZALES 11 10
LAVACA 10 10
MADISON 9 9
LIVE OAK 7 7
FRIO 6 6
LEE 3 4
FAYETTE 3 3
ZAVALA 4 3
LEON 2 2
AUSTIN 0 0
BEE 0 0
COLORADO 0 0
DUVAL 0 0
GOLIAD 0 0
GRIMES 1 0
MAVERICK 0 0
MILAM 0 0
ROBERTSON 0 0
WASHINGTON 0 0
WILSON 0 0
BASTROP 0 0
235 232

Read more from bakerhughes.com

 

 

 

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

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