Eagle Ford Rig Count Drops by Three

Eagle Ford Rig Counts
Eagle Ford Rig Counts

The Eagle Ford Shale rig count fell by three this week to 100 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, controversy is brewing over whether the state should continue to drill for oil and gas on public University Lands.

Read more:Fracking Ban: A Disaster for Texas Universities

The U.S. rig count plunged by 29 this week, ending with 809 rigs running by midday Friday.  A total of 195 rigs were targeting natural gas (one more than the previous week) and 614 were targeting oil in the U.S. (26 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)363 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 in the Eagle Ford fell are at 14 this week as natural gas prices traded at $2.47/mmbtu, a $.09 decrease from the previous week.

The oil rig count is at 86 and WTI oil prices ended the week at $45.66, a decrease of $.04. A total of 87 rigs are drilling horizontal wells, two are drilling directional wells, and eight are vertical rigs. Karnes County leads the region in development with 21 rigs this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

Eagle Ford Shale News

Federal Fracking Rules Halted

Eagle Ford Sets Record for Lonestar

Downsizing in the Eagle Ford

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