Eagle Ford Rig Count Unmoved; Texas Increases by 5

Eagle Ford Rig Count Stalls

The Eagle Ford Shale rig count remained unchanged this week, with our data showing 99 rigs were running across our coverage area by midday Friday.

In recent Eagle Ford News, the Texas Railroad Commission reported that Karnes County resumed its top spot for oil production volumes for March 2017.

Read more: Eagle Ford Oil Production Back on Top

A total of 916 oil and gas rigs were running across the United States this week, an increase of eight over last week. 182 rigs targeted natural gas (three less than the previous week) and 733 were targeting oil in the U.S. (11 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 463 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 trading at $3.00/mmbtu.

91 Eagle Ford rigs were targeting oil with WTI oil prices at $47.66

A total of 96 rigs are drilling horizontal wells, zero are drilling directional wells and three are vertical.

Karnes County leads this week with 22 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-June 2, 2017

Eagle Ford Rig Count by County-June 2, 2017


Eagle Ford Shale News

Lonestar Increases Eagle Ford Holdings in 'Transformational' Deal

Eagle Ford Oil Production Back on Top

Eagle Ford Shale Gaining Strength through 2017

Carrizo Invests Heavily in the Eagle Ford Shale Play

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.

The Eagle Ford Shale drilling rig count has had its ups and downs, marking the rise of the region's shale development and the decline brought on by low crude prices.