Eagle Ford Shale Rig Count Falls to 93
The Eagle Ford Shale rig count fell by three this week with 93 rigs running across our coverage area by midday Friday.
In recent Eagle Ford Shale news, the Texas Railroad Commission is investigating a major oil spill in Eagle Ford's Bastrop County.
Read more: Crude Oil Spill in Bastrop County
A total of 952 oil and gas rigs were running across the United States this week, the same as last week. 187 rigs targeted natural gas (two less than the previous week) and 765 were targeting oil in the U.S. (two more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 466 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 trading lower at $2.98/mmbtu.
84 Eagle Ford rigs were targeting oil with WTI oil prices at $46.68.
A total of 90 rigs are drilling horizontal wells, zero are drilling directional wells and three are vertical.
Karnes County leads this week with 21 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-July 9, 2017
Eagle Ford Shale News
Crude Oil Spill in Bastrop County
Eagle Ford Shale Counties Rank First in Oil, Gas and Condensate
Sanchez Energy Sells Eagle Ford Assets
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.