Eagle Ford Rig Count Remains Steady

Drilling in Texas Cities?
Drilling in Texas Cities?

The Eagle Ford Shale rig count remained flat this week ending at 150 rigs running across our coverage by midday Thursday.

In recent Eagle Ford news, the Texas legislature has introduced legislation in both houses that would remove local control over oil and gas activities within cities give it back to the states. The “Denton Fracking Bill” (SB 1165) unanimously passed and asserts that current statutes are already so effective that additional local regulations aren’t necessary.

Read more: Fracking in Texas Cities: Who’s the Boss?

The U.S. rig count fell another 20 to 1028 rigs running as of today. A total of 211 rigs were targeting natural gas (down 11 from the previous week) and 812 were targeting oil in the U.S. (1 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)456 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 saw no change and totals 13 rigs. Natural gas prices decreased $.10 from the previous week at $2.71/mmbtu on Friday afternoon.

The oil rig count remained flat at 137 rigs running by midday. WTI oil prices decreased $.91 from the previous week, trading at $49.14/bbl on Friday afternoon and EF light fell $.25 to $47.75. A total of 144 rigs are drilling horizontal wells, two rigs are drilling directional wells, and vertical rigs are at four.  Karnes (24), DeWitt (21), and Webb (19)and LaSalle (17),  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 County

Eagle Ford Shale News

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Oil Export Ban Hurts Eagle Ford

Eagle Ford Gas Headed to Mexico

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