Eagle Ford Rig Count at 115

Eagle Ford Rig Count Increases
Eagle Ford Rig Count Increases

The Eagle Ford Shale rig count increased by one to 115 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, XTO and Enervest were summoned to Austin last week to try and persuade the Texas Railroad Commission that their operations are not to blame for recent earthquakes in North Dallas.

Read more: Producers Defend Fracking Practices

The U.S. rig count slowed its decline this week falling by two to 857 rigs running by midday Friday.  A total of 223 rigs were targeting natural gas (dtwo more than the previous week) and 631 were targeting oil in the U.S. (four less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)363 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 near the bottom of this article.

Eagle Ford Oil & Gas Rigs

Natural gas rigs in the Eagle Ford rose another four to 26 this week and natural gas prices traded at $2.82/mmbtu, an increase of $.06 from the previous week.

The oil rig count decreased by three to 89with WTI oil prices moving down this week to $59.61, an $.37 decrease. A total of 109 rigs are drilling horizontal wells, one rigs are drilling directional wells, and five are vertical rigs. LaSalle led the Eagle Ford count with 20 rigs, while Karnes (19), Webb (16) and DeWitt (16)following closely. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

Eagle Ford Shale News

Pipeline Explodes in DeWitt County

EP Energy Expands Operations

Karnes County Explosion Proves Costly

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