Eagle Ford Shale Rig Count Decreases By Four to 263

ConocoPhillips Increases its' Reserve Estimates by 39% to 2.5 billion BOE
ConocoPhillips' Eagle Ford Geologic Map

ConocoPhillips’ Eagle Ford Geologic Map

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

In recent Eagle Ford news, ConocoPhillips increased its Eagle Ford reserve estimates in early April 2014 by 39% from 1.8 billion to 2.5 billion bbls of oil in place. Company officials say production is expected to exceed 250,000 boe/d in the Eagle Ford by 2017. That’s nearly 100,000 more BOE than the company’s target goal at the end of 2013.

Read more: ConocoPhillips Raises Eagle Ford Reserve Estimates By 39% to 2.5 Billion BOE

The U.S. rig count stayed flat at 1831 rigs running by the end of last week. A total of 316 rigs were targeting natural gas (6 more than the previous week) and 1,510 were targeting oil in the U.S. (7 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).  884 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 (217 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 remained flat at 16 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 last week at $4.76/mmbtu on Friday afternoon.

The oil rig count decreased by 4 to 247 rigs running by the end of last week. WTI oil prices increased slightly, trading at $104.35/bbl on Friday afternoon. Eagle Ford light crude traded at $100.75/bbl on April 17th.

A total of 229 rigs are drilling horizontal wells, 21 rigs are drilling directional wells, and 13 rigs are drilling vertical wells. Karnes, La Salle, Dimmit, McMullen and Webb counties each have at minimum 25 rigs running. Karnes County has the highest rig count this week at 29. See the full list below in the Eagle Ford Shale Drilling by County:

South Texas Oil & Gas News:

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

Eagle Ford Shale Drilling by Count


County Previous Week Current Week County Previous Week Current Week
KARNES 30 29 WILSON 4 4
LA SALLE 27 27 FAYETTE 3 3
MCMULLEN 27 27 GRIMES 3 3
WEBB 23 26 LEE 3 2
DIMMIT 28 25 COLORADO 1 2
DE WITT 23 23 LEON 1 1
ATASCOSA 16 16 WASHINGTON 1 1
LIVE OAK 16 15 AUSTIN 0 0
GONZALES 11 12 BEE 0 0
LAVACA 11 11 DUVAL 0 0
BURLESON 10 10 GOLIAD 0 0
MADISON 10 9 MAVERICK 0 0
ZAVALA 8 7 MILAM 0 0
FRIO 7 6 ROBERTSON 0 0
BRAZOS 4 4 BASTROP 0 0

Eagle Ford Operated Rig Count By Company

SmithBits no longer reports its operated rig count, but we’ll have updated number for you from a new source soon. Until then, you can reference our numbers from mid-April. There has not been a significant change in the overall rig count since this date:

Operator Name Apr-13
BHP (Petrohawk) 28
EOG Resources 25
Marathon Oil 18
Chesapeake 16
ConocoPhillips 10
Pioneer Natural 10
Anadarko 9
Lewis Petroleum 8
Murphy Oil 7
Plains Exploration 7
Talisman Energy (Statoil) 7
EP Energy 6
Halcon Resources 6
Hunt Oil 6
Swift Energy 6
Rosetta Resources 6
Cabot Oil & Gas 5
SM Energy 5
Shell 4
Carrizo Oil & Gas 3
All Others 50+

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 Rig Count – 267 – Horizon Energy Signs Lease Option in Webb County, TX

Eagle Ford Rig Count Decreased by One Last Week
Webb County Eagle Ford Shale

Webb County, TX

The Eagle Ford Shale rig count decreased by one to 267 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, Horizon Energy Corporation announced in early April that it signed an option agreement for an oil and gas lease in Webb County, TX. The land consists of 1,340 acres located close to Mirando City.

[Read more...]

Eagle Ford Rig Count – 268 – Warwick Energy Buys R/C Sugarkane

Eagle Ford Rig Count Stays Flat This Week at 268
ConocoPhillips Eagle Ford Map

ConocoPhillips Eagle Ford Map | Click to Enlarge

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

In recent Eagle Ford news, Oklahoma City-based Warwick Energy entered an agreement in early April to acquire R/C Sugarkane LLC, an Eagle Ford upstream oil and gas company. Warwick is buying R/C Sugarkane from Riverstone Holdings, LLC, a New York-based private equity firm, for an undisclosed amount. The deal includes RC Sugarkane’s non-operated working interests in 6,000 net Eagle Ford acres, with 3,000 boe/d in net production.

[Read more...]

Eagle Ford Rig Count – 268 – Alta Mesa Sells EFS Assets – $173 Million

Eagle Ford Rig Count Increased by 7 to 268
Alta Mesa Eagle Ford Acreage Map

Alta Mesa Eagle Ford Acreage Map | Click to Enlarge

The Eagle Ford Shale rig count increased by seven to 268 rigs running over the past week.

In recent Eagle Ford news, Memorial Production Partners announced this month that it purchased Eagle Ford assets from Alta Mesa Holdings for $173 million. The deal includes 15,200 (800 net) acres in Karnes County, with 99-percent of the assets already held by production. According to company officials, Memorial will gain an interest in 117 non-operated wells, with average net production of 1,650 boe/d. Approximately 80-percent of current production is oil.

Read more: Memorial Production Partners Buys Eagle Ford Assets in $173 Million Deal

The U.S. rig count increased by six to 1809 rigs running over the past week. A total of 318 rigs are targeting natural gas (8 less than last week) and 1,487 are targeting oil in the U.S. (14 more than last week). The remainder are drilling service wells (e.g. disposal wells, injection wells, etc.).  866 or ~48% of rigs active in the U.S. are 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 (223 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 5 to 19 rigs running this past week. Average rig counts for natural gas production in 2012 were around 82 and then dropped to around 41 in 2013. Over the past week, natural gas prices stayed relatively flat at $4.49/mmbtu on Friday afternoon.

The oil rig count increased by 12 to 249 rigs running over the past week. WTI oil prices increased, trading at $101.55/bbl by the end of the week. Eagle Ford light crude traded at $98.25/bbl on March 28th.

A total of 229 rigs are drilling horizontal wells, 22 rigs are drilling directional wells, and 17 rigs are drilling vertical wells. Karnes, La Salle, Dimmit, McMullen 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:

South Texas Oil & Gas News:

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

Eagle Ford Shale Drilling by Count


County Previous Week Current Week County Previous Week Current Week
KARNES 34 34 FAYETTE 5 4
MCMULLEN 29 30 WILSON 3 4
DIMMIT 27 28 GRIMES 3 3
LA SALLE 26 25 COLORADO 1 1
WEBB 21 24 LEE 1 1
DE WITT 22 22 WASHINGTON 1 1
ATASCOSA 15 15 AUSTIN 0 0
LIVE OAK 16 15 BEE 0 0
LAVACA 9 12 DUVAL 0 0
GONZALES 11 11 GOLIAD 0 0
BURLESON 9 9 LEON 0 0
MADISON 8 9 MAVERICK 0 0
ZAVALA 8 8 MILAM 0 0
FRIO 7 7 ROBERTSON 0 0
BRAZOS 5 5 BASTROP 0 0

Eagle Ford Operated Rig Count By Company

SmithBits no longer reports its operated rig count, but we’ll have updated number for you from a new source soon. Until then, you can reference our numbers from mid-April. There has not been a significant change in the overall rig count since this date:

Operator Name Apr-13
BHP (Petrohawk) 28
EOG Resources 25
Marathon Oil 18
Chesapeake 16
ConocoPhillips 10
Pioneer Natural 10
Anadarko 9
Lewis Petroleum 8
Murphy Oil 7
Plains Exploration 7
Talisman Energy (Statoil) 7
EP Energy 6
Halcon Resources 6
Hunt Oil 6
Swift Energy 6
Rosetta Resources 6
Cabot Oil & Gas 5
SM Energy 5
Shell 4
Carrizo Oil & Gas 3
All Others 50+

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 Rig Count – 261 – EOG Resources – ZaZa Energy Move to Final Phase of JV Agreement in Eaglebine

Eagle Ford Rig Count Decreased by Six to 261
ZaZa Energy Eaglebine Map

ZaZa Energy Eaglebine Map | Click to Enlarge

The Eagle Ford Shale rig count decreased by six to 261 rigs running over the past week.

In recent news, EOG Resources joint venture with ZaZa Energy moves into its third and final phase in the Eaglebine. ZaZa will receive $15 million and an additional two-well drilling commitment from EOG. As part of the agreement, EOG must begin drilling the first of two wells by July 1, 2014. In exchange, EOG will gain a 75% working interest in all of Zaza’s remaining acreage.

Read more: EOG Resources – ZaZa Energy Move into Third and Final Phase of Joint Venture Agreement

[Read more...]

Eagle Ford Rig Count – 267 – EIA Data Shows Play is a Top Oil Producer

Eagle Ford Shale Rig Count Stays Flat at 267
EIA Oil and Gas Production Per Rig

EIA Oil and Gas Production Per Rig | Click to Enlarge

The Eagle Ford Shale rig count stayed flat at 267 rigs running over the past week.

In recent news, U.S. Energy Information Administration (EIA) data released in March 2014, shows each drilling rig in the Eagle Ford Shale will contribute 400 b/d more than it would have in the same formation in January 2007. Total April 2014 oil production in the Ealge Ford is expected to be 1,359,000 b/d. Total natural gas production in the Eagle Ford is expected to be 6,566 mcf/d.

Read more: Eagle Ford Leads the Pack in Oil Production Per Well – EIA

[Read more...]

Eagle Ford Rig Count – 267 – Devon Eagle Ford Budget $1.1 Billion in 2014

Eagle Ford Rig Count Increased by 1 to 267
Devon Energy Eagle Ford Acreage Map

Devon Energy Eagle Ford Acreage Map – 82,000 net acres | Click to Enlarge

The Eagle Ford Shale rig count increased by 1 to 267 rigs running last week.

In recent news, Devon Energy plans on investing $1.1 billion in the Eagle Ford in 2014 and will drill more than 200 wells. The company estimates average net production through October, 2014, of 70,000 – 80,000 boe/d in the play.

Read more: Devon Energy Eagle Ford Spending $1.1 Billion in 2014

[Read more...]

Eagle Ford Rig Count – 266 – EOG’s Eagle Ford Resource Potential Increased by 1 Billion BOE in 2013

Eagle Ford Rig Count Increased by 2 to 266
EOG Resources Eagle Ford Acreage Map

EOG Resources Eagle Ford Acreage Map | Click to Enlarge

The Eagle Ford Shale rig count increased by 2 to 266 rigs running over the past week.

In recent news, EOG Resource’s Eagle Ford resource potential went up 45% to 3.2 billion boe from 2.2 billion boe in 2013. In 2014, EOG will be focusing a large portion of its $8.1 – $8.3 billion capital budget in the Eagle Ford Shale. This decision comes on the heels of increased well productivity and initial production rates in the play in 2013.

Read more: EOG Resources Increases Eagle Ford Resource Potential by 1 Billion BOE in 2013 

[Read more...]

Eagle Ford Rig Count – 264 – SM Energy Eagle Ford Oil Production Down Slightly in Q4 – 2013

Eagle Ford Rig Count Stays Flat This Week at 264
SM Energy Eagle Ford Production

SM Energy Eagle Ford Production | Click to Enlarge

The Eagle Ford Shale rig count stayed flat at 264 rigs running over the past week.

In recent news, SM Energy completed 95 wells in its operated Eagle For acreage. The company had production of 74,800 boe/d in the Eagle Ford in the fourth-quarter. Although production was at its highest during this time, there was less oil production.

Read more: SM Energy Completes 95 Eagle Ford Wells in 2013 – 74,800 boe/d in Fourth Quarter

The U.S. rig count increased by 7 to 1,771 running over the past week. A total of 342 rigs are targeting natural gas (5 more than last week) and 1,425 are targeting oil in the U.S. (2 more than last week). The remainder are drilling service wells (e.g. disposal wells, injection wells, etc.). 846 or ~48% of rigs active in the U.S. are 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 (221 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 rig to 35 running this past week. Average rig counts for natural gas production in 2012 were around 82 and then dropped to around 41 in 2013. Over the past week, natural gas increased to $6.13/mmbtu on Friday afternoon.

The oil rig count increased by 1 to 229 rigs running. WTI oil prices stayed relatively flat, trading at $102.11/bbl by the end of the week. Eagle Ford light crude traded at $99.50/bbl on February 20th.

A total of 235 rigs are drilling horizontal wells, 17 rigs are drilling directional wells, and 12 rigs are drilling true vertical wells. Karnes, La Salle, Dimmit and McMullen counties each have at minimum 29 rigs running. LaSalle County has the highest rig count this week at 33. See the full list below in the Eagle Ford Shale Drilling by County:

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 FRIO 6 5
KARNES 29 30 WILSON 5 4
DIMMIT 26 29 GRIMES 3 3
MCMULLEN 30 29 BEE 1 1
DE WITT 27 23 DUVAL 0 1
WEBB 21 21 LEE 1 1
ATASCOSA 15 16 ROBERTSON 1 1
GONZALES 9 11 WASHINGTON 1 1
LIVE OAK 9 10 AUSTIN 0 0
MADISON 11 10 COLORADO 0 0
ZAVALA 7 9 GOLIAD 1 0
LAVACA 11 8 LEON 0 0
BURLESON 7 7 MAVERICK 0 0
BRAZOS 6 6 MILAM 1 0
FAYETTE 5 5 BASTROP 0 0

Eagle Ford Operated Rig Count By Company

SmithBits no longer reports its operated rig count, but we’ll have updated number for you from a new source soon. Until then, you can reference our numbers from mid-April. There has not been a significant change in the overall rig count since this date:

Operator Name Apr-13
BHP (Petrohawk) 28
EOG Resources 25
Marathon Oil 18
Chesapeake 16
ConocoPhillips 10
Pioneer Natural 10
Anadarko 9
Lewis Petroleum 8
Murphy Oil 7
Plains Exploration 7
Talisman Energy (Statoil) 7
EP Energy 6
Halcon Resources 6
Hunt Oil 6
Swift Energy 6
Rosetta Resources 6
Cabot Oil & Gas 5
SM Energy 5
Shell 4
Carrizo Oil & Gas 3
All Others 50+

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 Rig Count – 264 – Pioneer’s Eagle Ford Budget Set at $545 Million – 2014

Eagle Ford Rig Count Stays Flat This Week at 264
Pioneer Eagle Ford Production

Pioneer Eagle Ford Production | Click to Enlarge

The Eagle Ford Shale rig count stayed flat at 264 rigs running over the past week.

In recent news, Pioneer set a record for its fourth-quarter 2013 production in the Eagle Ford Shale, averaging 40,000 boe/d. That’s up ~14% from 35,000 boe/d in the fourth-quarter of 2012. Pioneer plans to spend $545 million in the Eagle Ford in 2014.

Read more: Pioneer Hits Record Q4 Eagle Ford Production – 40,000 boe/d

[Read more...]

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