The Eagle Ford Shale rig count shrunk by three this week, with our data showing 94 rigs running across our coverage area by midday Friday.
The rig count slowly increased during the first months of 2017, with many viewing this as a sign of recovery for the Eagle Ford Shale region. After a high in May of 101 rigs, the weekly rig count has waffled through June.
Read more: Eagle Ford Rig Count Pushes to 101
A total of 941 oil and gas rigs were running across the United States this week, an increase of eight over last week. 183 rigs targeted natural gas (three less than the previous week) and 758 were targeting oil in the U.S. (11 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 460 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
Eight rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $2.93/mmbtu.
86 Eagle Ford rigs were targeting oil with WTI oil prices at $43.01.
A total of 91 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 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.