Eagle Ford Rig Count Climbs as Total U.S. Count Passes 800

The Eagle Ford Shale rig count gained three more this week, with our data showing 83 rigs running across our coverage area by midday Friday.

In recent Eagle Ford News, Penn Virginia Corporation has announced they have located over 500 drilling locations in Gonzalez and Lavaca Counties. 

Read more: Penn Virginia Spending 90% in the Eagle Ford

A total of 809 oil and gas rigs were running across the United States this week, an increase of 20 over than last week. 155 rigs targeted natural gas (two less than the previous week) and 652 were targeting oil in the U.S. (21 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 404 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 $3.08/mmbtu.

76 Eagle Ford rigs were targeting oil with WTI oil prices sitting at $48.07

A total of 79 rigs are drilling horizontal wells, zero are drilling directional wells and four are vertical.

Karnes County leads this week with 20 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-March 24, 2017

Eagle Ford Rig Count by County-March 24, 2017

Eagle Ford Shale News

Penn Virginia Spending 90% in the Eagle Ford

Baytex: Excited About the Eagle Ford

Sanchez Gains Eagle Ford Assets for $2.1 Billion

Oil & Gas Production in Texas Decreases for First Time since 2010

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