Eagle Ford Operators Put Rigs Back Online
The Eagle Ford Shale rig count was unchanged this week, making it the fourth week in a row ending with44 rigs running across our coverage area.
In recent Eagle Ford news, industry leaders gathered in San Antonio last week for the Hart Energy DUG Eagle Ford conference and exhibition, where conversation and presentations centered around the status of the Eagle Ford Shale outside of the boom.
Read more: Eagle Ford Shale Play Still Holds Great Value
A total of 510 oil and gas rigs were running across the United States this week, a decrease of 1 from last week of two. 92 rigs targeted natural gas (three more than the previous week) and 418 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.) 246 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
Six rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $2.96/mmbtu.
The Eagle Ford rigs targeting oil were at 40 with WTI oil prices gaining $1.45 to $44.48 .
A total of 40 rigs are drilling horizontal wells, zero is drilling directional wells and four are vertical.
Karnes County slipped from the number one spot this week dropping to six rigs. LaSalle leads production with seven rigs in operation. See the full list below in the Eagle Ford Shale Drilling by County below.
Eagle Ford Shale Drilling by County
Eagle Ford Shale News
Abraxas Sells Assets to Focus on Shale
Eagle Ford Shale Play Still Holds Great Value
Eagle Ford Drilling & Completion Report
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