Eagle Ford Shale Drilling Rig Count - October 14, 2011

Drilling Photo
Drilling Photo

The Eagle Ford Shale drilling rig count increased six more rigs to 247 active drilling rigs. That's jump from the Eagle Ford era record of 241 hit last week and the 239 we hit twice over the past two months. The number of natural gas rigs working increase one to 125, while adding five oil rigs (122). Horizontal wells account for 215 of the 247 rigs drilling in the South Texas region. La Salle and Gonzales counties added two rigs each and no other county added or dropped more than one rig.

Chesapeake Energy (29) and EOG Resources (23) are the only operators with more than 20 rigs active in the play.  68 companies have an active drilling crew in the region.

The Eagle Ford oil and gas conference in San Antonio brought more than 4,000 people to the convention center. Here are my notes from the conference- H2S, Labor & Pipeline Shortages, Rising Service Costs Define 2011

Stay tuned each week for an update on the South Texas rig count.

Drilling Rig Count by Operator

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 SmithBits and not solely wells targeting the Eagle Ford Shale. 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.

Drilling Rigs by County