Eagle Ford Rig Count Increases
The Eagle Ford Shale rig count increased by two this week, with our data showing 55 rigs running across our coverage area by midday Friday.
In recent Eagle Ford news, The Railroad Commission of Texas recently assessed $556,237 in fines involving 180 enforcement dockets against oil and gas operators and businesses.
Read more: RRC Assesses Fines
A total of 657 oil and gas rigs were running across the United States this week, a gain of five over last week. 132 rigs targeted natural gas (three more than the previous week) and 525 were targeting oil in the U.S. (two more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 324 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
Eight rigs in the Eagle Ford region targeted natural gas this week with the commodity increasing to $3.72/mmbtu.
47 Eagle Ford rigs were targeting oil with WTI oil prices gaining slightly to $53.72.
A total of 48 rigs are drilling horizontal wells, zero are drilling directional wells and seven are vertical.
Karnes County leads this week with 12 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.