Eagle Ford Oil Production Up; Rig Counts Slide

Oil and gas production for the Eagle Ford is continuing its climb, while operators have slowed bringing more rigs back into production.

Related: Eagle Ford Rig Count at a Standstill

The Energy Information Administration (EIA) is predicting that July will show a 43 thousand barrel a day increase for crude oil in the Eagle Ford Shale over June. The agency reports that the average in was 1,325 Mbbl/d and July will be 1,368 Mbbl/d.

The EIA is forecasting increases in both U.S. oil and natural gas production through 2018.

  • Crude Oil production 9.3 million b/d in 2017 and 10.0 million b/d in 2018
  • Natural gas production will average 73.3 billion cubic feet per day (Bcf/d) in 2017 and 3.3 Bcf/d for 2018

This production report comes at a time when the rig count in the Eagle Ford has stalled. After a steady rise for the first half of the year, the Eagle Ford Shale rig count lost ground through June and is currently stalled at 94 rigs.