The Eagle Ford Shale rig count is up three rigs to 233 active drilling rigs. The area is now back to the high we hit at the beginning of August. For reference, anywhere from 30-40 of these rigs are likely targeting formations other than the Eagle Ford, but still contribute to drilling intensity in the area. The number of natural gas rigs working increased by five to a total of 116, while the oil rig count decreased two rigs to 117. Zero disposal wells or injection wells are being drilled. Horizontal rigs account for 209 of the 233 rigs drilling in the South Texas region. Karnes and La Salle counties lost a total of six rigs combined, while Dimmit, Gonzales, Leon, Zavala and Atascosa counties all increased by more than one rig.
Chesapeake Energy (25) and EOG Resources (21) continue to work more than 20 rigs in the play. Six companies have more than 10 active drilling units.
On the Eagle Ford News front - We were cited by the CBS Evening News yesterday in a story on the job boom in South Texas. Earlier in the week, the Caller, in Corpus, had a good article on Eagle Ford Economic Impacts and Threats. The influx of oil money can also cause a couple of unintended consequences:
Stay tuned each week for an update on the South Texas rig count.
Drilling Rig Count by County and 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.