Eagle Ford Rig Count at 111

Eagle Ford Rigs
Eagle Ford Rigs

The Eagle Ford Shale rig count slipped by one to 111 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, Fortress Environmental Services announced that its $9.3 million disposal facility is now open for business and can accept 25,000 barrels of produced saltwater.

Read more: New Eagle Ford Disposal Well

The U.S. rig count decreased by two, ending with 874 rigs running by midday Friday.  A total of 209 rigs were targeting natural gas (seven less than the previous week) and 664 were targeting oil in the U.S. (five more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)375 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 fell to 23 this week and natural gas prices traded at $2.71/mmbtu, an $.12 decrease from the previous week.

The oil rig count remained at 88 as WTI oil prices dropped again to $46.91, a decrease of $1.22. A total of 102 rigs are drilling horizontal wells, zero are drilling directional wells, and nine are vertical rigs. Karnes continues to lead development this week running 20 rigs, with DeWitt (18) and Webb (14) follow 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

Anadarko Waiting on Better Margins

Encana to Expand Eagle Ford Inventory

Cabot Plans to Reduce Eagle Ford Wells to One

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