Eagle Ford Record Set for Well Spuds in Q3

Over 1,100 Wells Started for the First Time in a Three Month Period
Eagle Ford Well Spuds Q3 2013

Well Spuds Q3 2013 | Click to Enlarge

Baker Hughes released its third quarter estimates for well spuds and the Eagle Ford eclipsed 1,100 wells in a single quarter for the first time. The play accounted for 1,133 or more than 10% of the 9,175 wells spud in the U.S. during the quarter.

Baker Hughes tracks the 14 core counties when evaluating the play, so actual numbers are higher. The oilfield service company tallied 233 rigs the 14 county area during the quarter compared to ~270 in the 30 county area we observed. [Read more…]