Eagle Ford Operators Put Rigs Back Online
The Eagle Ford Shale rig count gained four this week, with our data showing 65 rigs running across our coverage area by midday Friday.
In recent Eagle Ford news, rumors are swirling about Swift Energy as they plan to layoff more employees while moving office locations.
Read more: Swift Energy Cuts 56 Jobs
A total of 701 oil and gas rigs were running across the United States this week, an increase of eight over last week. 145 rigs targeted natural gas (three more than the previous week) and 555 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.) 351 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
Seven rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $3.39/mmbtu.
58 Eagle Ford rigs were targeting oil with WTI oil prices dipped slightly to $53.17.
A total of 58 rigs are drilling horizontal wells, one are drilling directional wells and seven are vertical.
Karnes County leads this week with 14 rigs in production. See the full list below in the Eagle Ford Shale Drilling by County below.
Eagle Ford Shale Drilling by County
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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.