Eagle Ford Rig Count Drops by 4

Eagle Ford Rig Count Drops

Eagle Ford Rig Count Drops

The Eagle Ford Shale rig count lost ground this week ending with38 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news,Sanchez Production Partners (SPP) moves forward with plans to acquire new Eagle Ford assets.

Read more:Sanchez Production Partners to Acquire New Eagle Ford Assets

A total of 537 oil and gas rigs were running across the United States this week, a gain of 15  from last week. 105 rigs targeted natural gas (11 more than the previous week) and 432 were targeting oil in the U.S. (four more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 244 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 $3.28/mmbtu.

33 Eagle Ford rigs were targeting oil with WTI oil prices gaining $.54 to $50.35 . 

A total of 35 rigs are drilling horizontal wells, one is drilling directional wells and two are vertical.

LaSalle leads production this week with seven 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

Chesapeake Faces Antitrust Investigation

Texas Tax Revenues Drop 3.9%

Sanchez Production Partners to Acquire New Eagle Ford Assets

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