The Eagle Ford Shale rig count is up six rigs to 239 active drilling rigs. The area has eclipsed the all time high from last week. The number of natural gas rigs working increased by five to a total of 121, while the oil rig count increased one rig to 118. Zero disposal wells or injection wells are being drilled. Horizontal rigs account for 209 of the 239 rigs drilling in the South Texas region. DeWitt, Dimmit, and Madison counties lost a total of seven rigs combined, while McMullen, Frio, and Robertson counties all increased by more than two rigs.
Chesapeake Energy (27) and EOG Resources (22) continue to work more than 20 rigs in the play. Six companies have more than 10 active drilling units. We had a well fire in Karnes County yesterday and we got updated well results from Magnum Hunter. Other notable news can be read through the following links:
- Sasol GTL Plant to Process Eagle Ford Gas?
- Rental Property Prices Skyrocket in South Texas Housing Market
- Eagle Ford Companies Rank as Top Natural Gas Producers
- EOG’s Mark Papa – Oil Companies Are Undervalued
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.