Eagle Ford Rig Count Jumps to 48

Eagle Ford Operators Put Rigs Back Online

Eagle Ford Operators Put Rigs Back Online

The Eagle Ford Shale rig count gained three this week, with our data showing 48 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, South Korean refiner, GS Caltex, announced the purchase of 1 million barrels of U.S. crude from the Eagle Ford. The company previously unloaded another 1 million barrels in Yeosu, South Jeolla Province, during November.

Read more: Eagle Ford Oil Heads to South Korea

A total of 596 oil and gas rigs were running across the United States this week, a gain of four over last week. 119 rigs targeted natural gas (one more than the previous week) and 477 were targeting oil in the U.S. (three more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 286 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 dropping to $3.46/mmbtu.

39 Eagle Ford rigs were targeting oil with WTI oil prices increasing to $51.68. 

A total of 42 rigs are drilling horizontal wells, zero are drilling directional wells and six 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

Eagle Ford Shale News

Eagle Ford Oil Heads to South Korea

Halcón Waiting for Crude Prices to Improve

Eagle Ford Counties #1 in Oil & Gas

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