Eagle Ford Shale Rig Count Falls to 41

Eagle Ford Rig Count Falls

Eagle Ford Rig Count Falls

The Eagle Ford Shale rig count loses ground this week ending with41 rigs running across our coverage area.

In recent Eagle Ford news, a former gate guard at BHP’s Dilworth Ranch in McMullen County, filed a class action lawsuit against Chapa Gate Guard Service, BHP Billion and BHP Billiton Petroleum. Cox alleges that the three companies violated the Fair Labor Standards Act (FLSA) of 1938 by paying her less than the minimum wage in addition to not paying overtime penalties and failing to record all of the time she worked.

Read more:BHP Accused of Not Paying Minimum Wage

A total of 521 oil and gas rigs were running across the United States this week, an increase of 11 from last week of two. 96 rigs targeted natural gas (four more than the previous week) and 425 were targeting oil in the U.S. (seven more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 245 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

Five rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $2.90/mmbtu.

36 Eagle Ford rigs were targeting oil with WTI oil prices gaining $3.76 to $48.24 . 

A total of 39 rigs are drilling horizontal wells, zero is drilling directional wells and two are vertical.

LaSalle leads production this week with seven 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

Noble energy Plans for Job Cuts

Newfield Exits the Eagle Ford

Fracking in Mexico’s Eagle Ford Could Begin Next Year

BHP Accused of Not Paying Minimum Wage

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