Eagle Ford Rig Count Increases
The Eagle Ford Shale rig count increased again this week, with our data showing 45 rigs running across our coverage area by midday Friday.
In recent Eagle Ford news, Encana Corp. announced third quarter results including plans to add 100 new locations to its Eagle Ford portfolio.
Read more:Encana to Add 100 New Eagle Ford Locations
A total of 587 oil and gas rigs were running across the United States this week, a gain of 20 over last week. 116 rigs targeted natural gas (one more than the previous week) and 471 were targeting oil in the U.S. (19 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 276 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
Nine rigs in the Eagle Ford region targeted natural gas this week with the commodity dropping to $2.85/mmbtu.
36 Eagle Ford rigs were targeting oil with WTI oil prices increased to $45.69.
A total of 41 rigs are drilling horizontal wells, zero are drilling directional wells and four are vertical.
Karnes County jumped ahead of LaSalle this week with 9 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
Maverick Oil and Gas Is Bullish on the Eagle Ford
Lonestar Gains Cash for Eagle Ford Develop
Encana to Add 100 New Eagle Ford Locations
Penn Virginia to Resume Eagle Ford Drilling
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.
Read more at bakerhughes.com