Baker Hughes Reports Record Eagle Ford Well Spuds in Q4

Eagle Ford Rigs Are Drilling 1.5 More Wells Per Quarter Than Early 2012
Eagle Ford Well Spuds Q4 2013

Eagle Ford Well Spuds Q4 2013 | Click to Enlarge

Baker Hughes reported a record number of Eagle Ford well starts in the fourth quarter of 2014. The company’s quarterly report shows ~1,171 wells were started over the three month period.

Rigs also drilled 0.5 wells more in the quarter than they did in the third quarter of 2013. That’s an improvement of 40% or 1.5 more wells per quarter per rig than the industry was capable of in early 2012.

We consider the Baker Hughes well start estimate conservative since the company only considers a 14 county area in its Eagle Ford statistics. The numbers reported ignore areas like Brazos County where Eagle Ford activity is increasing. [Read more…]

Did You Know Drilling Starts On Over 1,000 Eagle Ford Wells Per Quarter?

Rigs Are Drilling Almost One More Well Per Quarter Than They Were A Year Ago
Eagle Ford Well Count Q2 2013

Eagle Ford & Major Basin Well Count in Q2 2013 | Click to Enlarge

Did you know that drilling rigs spud more than 1,000 Eagle Ford wells per quarter in South Texas? To top it off, that is a conservative estimate.

Baker Hughes is known for publishing weekly rig count estimates and the company is now publishing well count estimates in many of the major plays across the U.S.

The third quarter of 2012 was the first quarter that well starts in the Eagle Ford eclipsed 1,000. The number of wells spud fell below 1,000 in the fourth quarter and rose back above that level in both the first and second quarter of 2013. [Read more…]