Eagle Ford Rig Count Slips

Eagle Ford Rig Count Slips

Eagle Ford Rig Count Slips

The Eagle Ford Shale rig count fell by two this week, ending with35 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, a newly published ‘threat map’ highlights Eagle Ford counties for being at high risk for exposure to dangerous gas and air pollution.

Read more:Oil & Gas ‘Threat Map’ Pinpoints Millions at Risk in Texas

A total of 420 oil and gas rigs were running across the United States this week, a decrease of three over last week. 90 were targeting natural gas (four more than the previous week) and 330 were targeting oil in the U.S. (seven less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 194 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

Natural gas rigs rose this week to seven running across the Eagle Ford, wth natural gas prices increasing slightly to $2.67/mmbtu.

The Eagle Ford rigs targeting slipped to 28 with WTI oil prices dipping to $47.64, a $.34 decrease this week. A total of 33 rigs are drilling horizontal wells, zero are drilling directional wells, and two are vertical rigs.

Karnes County leads development in the region with 9 rigs running this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

agle Ford Shale News

Sundance Energy Focuses on Eagle Ford

Japanese Company Buys Eagle Ford Assets

Some Eagle Ford Towns Thriving

Oil & Gas ‘Threat Map’ Pinpoints Millions at Risk in Texas

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