The Eagle Ford Shale rig count increased by three this week, with our data showing 74 rigs running across our coverage area by midday Friday.
In recent Eagle Ford News, the U.S. Energy Information Administration's (EIA) is projecting that oil production in south Texas will reverse its recent trend. In its drilling productivity report, the agency expects that production for the region will rise by 14,000 bbl/d to 1.08 MMbbl/d in March.
Read more: Eagle Ford Production for 2017
A total of 754 oil and gas rigs were running across the United States this week, an increase of four over than last week. 151 rigs targeted natural gas (2 less than the previous week) and 602 were targeting oil in the U.S. (five more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 386 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 below.
Eagle Ford Oil & Gas Rigs
Five rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $2.79/mmbtu.
69 Eagle Ford rigs were targeting oil with WTI oil prices increasing slightly to $53.99
A total of 67 rigs are drilling horizontal wells, three are drilling directional wells and four are vertical.
Karnes County leads this week with 17 rigs in production. See the full list below in the Eagle Ford Shale Drilling by County below.
Eagle Ford Shale Drilling by County
Eagle Ford Shale News
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.