Eagle Ford Rig Count Breaks 90

Eagle Ford Shale Rig Count

The Eagle Ford Shale rig count is continuing its climb, with our data showing 93 rigs running across our coverage area by midday Friday. 

In recent Eagle Ford News, Texas Railroad Commissioner Ryan Sitton says his agency is working as if 'every day is Earth Day!'

Read more: In Texas, Every Day is Earth Day

A total of 857 oil and gas rigs were running across the United States this week, an increase of 10 over than last week. 167 rigs targeted natural gas (five more than the previous week) and 688 were targeting oil in the U.S. (5 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 462 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 trading at $3.10/mmbtu.

84 Eagle Ford rigs were targeting oil with WTI oil prices slipping to $49.62

A total of 89 rigs are drilling horizontal wells, one are drilling directional wells and three are vertical.

Karnes County leads this week with 19 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 Rig Count by County-April 21, 2017

Eagle Ford Rig Count by County-April 21, 2017

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.

The Eagle Ford Shale drilling rig count has had its ups and downs, marking the rise of the region's shale development and the decline brought on by low crude prices. The following infographic shows the rig count trends since 2011.