Eagle Ford Rig Count Remains Steady

October 24, 2015 Elizabeth Alford

Eagle Ford Rig Counts

The Eagle Ford Shale rig count stayed flat ending the week with 94 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, presidential hopeful Dr. Ben Carson spoke to a San Antonio crowd of over 2,000 last weekend saying he supports lifting the federal crude oil export ban and the controversial Keystone XL Pipeline.

A total of 787 oil and gas rigs were running across the United States this week. 193 were targeting natural gas (one more than the previous week) and 594were targeting oil in the U.S. (one less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)346 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

Natural gas rigs in the Eagle Ford are at 12 this week as natural gas prices fell slightly, trading at $2.29/mmbtu, a $.14 decrease from the previous week.

The oil rig count stayed at 82 with WTI oil prices ending the week at $44.60, a decrease of $2.92. A total of 86 rigs are drilling horizontal wells, two are drilling directional wells, and six are vertical rigs. Karnes County leads the region in development with 23 rigs this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

Eagle Ford Shale News

Shale Oil Down But Not Out

Eagle Ford Explosion Under Investigation

EIA: Eagle Ford Production to Fall

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.