The Eagle Ford Shale rig count fell by two, closing the week with 81 rigs running across our coverage area by midday Friday.
In recent Eagle Ford news, the Texas Railroad Commission reported that for 2017, the agency issued thousands more oil and gas drilling permits than the previous year.
Texas Drilling Permits Up 30% for 2017
A total of 936 oil and gas rigs were running across the United States this week. 189 rigs were targeting natural gas (+2) and 747 were targeting oil (-5) in the U.S. The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 453 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
10 rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $3.19/mmbtu.
71 Eagle Ford rigs were targeting oil with WTI oil prices at $63.37.
A total of 80 rigs are drilling horizontal wells, zero are drilling directional and one are vertical.
Karnes County leads activity in the region with 17 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 Rig Count by County-January 19, 2018
Eagle Ford Shale News
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Well Completions Drop Dramatically 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.