The Eagle Ford Shale rig count continues to waffle, with our data showing a drop last week to 88 rigs running across our coverage area by midday Friday. The total U.S. rig count is also falling.
In recent Eagle Ford news, Texas' production of oil, gas, and condensate is at its lowest levels since February.
A total of 936 oil and gas rigs were running across the United States this week, eight less than last week. 186 rigs targeted natural gas (down one) and 749 were targeting oil in the U.S. (down seven). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 452 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 $3.08/mmbtu.
78 Eagle Ford rigs were targeting oil with WTI oil prices at $49.61.
A total of 85 rigs are drilling horizontal wells, zero are drilling directional wells and three are 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.