The Eagle Ford Shale rig count increased by two this week, pushing the number to 86 rigs running across our coverage area by midday Friday.
In recent Eagle Ford news, the Texas Railroad Commission (RRC) announced it granted more permits in January than last year at this time.
A total of 975 oil and gas rigs were running across the United States this week. 177 rigs were targeting natural gas (-7) and 798 were targeting oil (+7) in the U.S. The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 479 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
9 rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $2.56/mmbtu.
77 Eagle Ford rigs were targeting oil with WTI oil prices at $61.68, an increase of $2.48 from last week.
A total of 84 rigs are drilling horizontal wells, one is drilling directional and one is vertical.
Karnes County leads activity in the region with 16 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
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.