Eagle Ford Rig Count Hits 80

The Eagle Ford Shale rig count jumped six this week, with our data showing 80 rigs running across our coverage area by midday Friday.

In recent Eagle Ford News, the Texas Railroad Commission (RRC) released its preliminary full year production numbers for 2016, showing the Eagle Ford Shale the biggest producer of natural gas in Texas. . 

Read more: Eagle Ford Leads Texas in Gas Production

A total of 756 oil and gas rigs were running across the United States this week, an increase of one over than last week. 146 rigs targeted natural gas (five less than the previous week) and 609 were targeting oil in the U.S. (seven more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 392 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 $2.83/mmbtu.

75 Eagle Ford rigs were targeting oil with WTI oil prices increasing slightly to $53.33 

A total of 74 rigs are drilling horizontal wells, two are drilling directional wells and four are vertical.

Karnes County leads this week with 17 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 2017

Eagle Ford Rig Count by County-March 2017

 

Eagle Ford Shale News

EOG Still Seeing Potential in the Eagle Ford

Eagle Ford Leads Texas in Gas Production

Noble Energy 'Rapidly Accelerating' 2017 Development

RRC Prepares for More Oil and Gas Drilling

Pioneer Will 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.